Commercial Real Estate & Business News – February 21, 2024

The pace of commercial real estate loan closings inched up toward the end of last. year, signaling a possible change in sentiment among banks and other CRE lenders. The CBRE Lending Momentum Index increased by 1% in the fourth quarter, marking the first quarterly rise since the start of…»

Thousands of people attended the International Franchise Association’s annual convention in downtown Phoenix. Inside the Phoenix Convention Center, hundreds of suppliers filled the exhibit hall offering ways to boost efficiency, profits and productivity including…»

The former Metrocenter mall is now expected to be demolished by the spring of 2024 after the developer pushed back the timeline for its major redevelopment project amid a high interest rate environment. The development team — comprised of Concord Wilshire Capital, TLG Investment Partners…»

After being placed in a receivership following its ownership’s failure to make mortgage payments, a buyer has been lined up to acquire the Adero Scottsdale resort. The 177-room property in Fountain Hills, which used to be the CopperWynd Resort before a massive renovation and…»

Depending on where you live, property taxes can be a small inconvenience or a major burden. How do Arizona property taxes rank? The average American household spends $2,869 on property tax for their homes each year, according to the U.S. Census Bureau, and residents of…»