Commercial Real Estate & Business News – December 17, 2021

The Federal Reserve Open Market Committee announced some significant changes in monetary policy: a faster tapering of bond purchases and the possibility of as many as three rate hikes next year. The reasons are concern about inflation, which has been more…»
Mayo Clinic has acquired 228 acres of land adjacent to its campus in North Phoenix, securing the ability to expand its patient-centered model of care and paving the way to develop a transformative biotechnology corridor.The L-shaped parcel wraps around the…»
PHOENIX, AZ – The Canyon Partners Real Estate-managed emerging manager program, the Canyon Catalyst Fund has expanded with the addition of Rincon Partners LLC to its roster of emerging managers.As a full-service real estate investment and management firm, Rincon focuses…»
The acquisition of longtime Arizona grocery chain Bashas’ by Sacramento-based Raley’s has been completed. The deal, which was first announced in October, consists of Raley’s buying Bashas’ and all its related brands – including…»
A German insurance group has named a team of asset and fund managers to help it build a new U.S. real estate portfolio of core office and apartment properties at a time U.S. real estate is attracting an influx of foreign investment…»