Commercial Real Estate & Business News – February 26, 2025

A recent survey by FTI Consulting found that 70% of U.S. workers who are currently remote or working in a hybrid arrangement would be likely to look for a new job if their employer required them to return to the office full-time. This comes as many companies are considering or have already…»

In the wake of two bankruptcy filings, crafts and sewing chain Joann now plans to liquidate and close all its 800 stores, becoming the latest U.S. retailer to go out of business. Hudson, Ohio-based Joann, in operation for 82 years, is being sold to GA Group and its lenders as part of a Chapter 11 auction…»

Some of the staggering $500 billion that Apple pledged Monday to invest in the U.S. will go to the massive Taiwan Semiconductor Manufacturing Company (TSMC) factory in Phoenix. Mass production of Apple chips began there last month, Apple said. President Donald Trump expressed doubts last…»

Washington-based Recreational Equipment Inc. has sold off its West Valley warehouse in Goodyear to an investment firm in a major sale-leaseback deal. New York-based Madison Capital paid $230 million to acquire four of REI Co-op’s distribution centers in different states: Arizona, Tennessee…»

A Canadian startup plans to establish its U.S. headquarters in the Valley after landing a major government contract to develop a wearable technology system for the first space station to orbit the moon. Montreal-based Carré Technologies Inc., which operates under the brand name Hexoskin, is…»