Commercial Real Estate & Business News – February 13, 2024

While it’s a hyperbole to call the recent turn in retail’s fortunes a renaissance, it almost seems appropriate considering parts of the sector were left for dead not long ago. The past year was an endurance test of sorts for the industry, which proved to be both resilient and able…»

Different angles on data can bring different analyses of the same time period. That’s important for investors and developers because one part of an overall market may be in much better shape than another. In this case, there’s an interesting comparison between single-tenant…»

A billion-dollar beauty – or beast, depending on one’s perspective – is on the way. After successful “luxury condo and apartment” projects in Kierland and across the Valley, Optima is charging ahead with Optima McDowell Mountain Village in North Scottsdale. Construction has…»

Creation, one of the country’s leading commercial real estate developers, broke ground yesterday on Thunderbird Commerce Park, a $60 million industrial center set on a rare 18-acre parcel within Scottsdale Airpark. The developer commemorated the milestone by hosting…»

The federal government said it will invest more than $5 billion in a national public-private consortium that will support research and development of advanced computer chips. White House officials on Friday announced plans to invest in the National Semiconductor Technology…»