Commercial Real Estate & Business News – December 27, 2021

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners (“TLGIP”) (collectively, the “Developer”)…»
Starwood Property Trust sold a four-story office complex in Scottsdale, Arizona, for just under $38 million as out-of-state investors scoop up greater Phoenix properties in the final weeks of 2021. Yonezawa Miller Co. bought the 110,000-square-foot Kierland Corporate Center I at…»
The housing market may not reach the incredible heights of 2021, but Zillow economists predict it will be anything but slow next year. Expect the strong sellers market to persist, the Sun Belt to maintain its top spot as the most in-demand region, and flexible work options to…»
The coming year is likely to see significant further improvement in overall economic conditions, with rising GDP, job growth, and higher incomes, in a supportive financial market environment where inflation pressures gradually subside and long-term interest rates remain well…»
Walmart and Kroger were named the nation’s most-trusted grocery stores in a special report by brand consultancy BrandSpark International and Newsweek. New York-based BrandSpark polled 3,200 U.S. adults on which grocery store banners they trust the most as part of a special…»