Commercial Real Estate & Business News – December 15, 2023

Trophy assets might not provide the optimal investment return, given the commotion of the past several years. Instead, Berkadia suggests giving more consideration to Class B. Whether due to its luster wearing off or its leveraged returns have the least cushion to withstand higher interest…»

Just like most major real estate transactions, Valley hotels and resorts acquisitions slowed in 2023. But there was still a market for them, especially on the higher end. In 2023, there have been 30 hospitality properties around the Valley that were sold. That’s down from the 46 in 2022…»

Phoenix will soon require certain property owners to register with the city. On Wednesday, the city council approved an ordinance creating a vacant property registry. Owners of vacant lots over 10,000 square feet, along with commercial properties and residential properties with more…»

In what seems as familiar a tune as “Jingle Bells,” a huge development in North Scottsdale is looking to change its plan – and add more apartments and/or condos. Joining the likes of Optima and Axon, two other mega-projects maneuvering for as many “residential units” as they can…»

A Michigan nonprofit that provides training and job opportunities for people with disabilities is expanding its services in Arizona. Why it matters: Arizonans with disabilities have lower employment rates than the general population and are more likely to live in poverty, according to the…»