Commercial Real Estate & Business News – January 11, 2024

After a more-than-sluggish 2023 when it comes to commercial real deals, Marcus & Millichap sees a revival in 2024, according to John Chang, its National Director of Research and Advisory Services. Leading the revival is that the industry is resilient, interest rates have started to…»

The labor market continues to show resilience, a positive sign of demand for commercial real estate space across property types as we begin the new year. Firms added 216,000 positions in December, according to the Bureau of Labor Statistics, well above the average number of…»

Investors have earned significant attention since the Covid-19 pandemic run-up in housing demand and prices. With available equity and the ability to make aggressive offers on homes, including all-cash offers, these buyers — ranging from iBuying startups and big institutional players to…»

With Big Sky Medical Real Estate, a national investment manager based in Dallas that focuses on the medical office sector, purchased Blackhawk Corporate Center in Phoenix for $46 million, or $182.29 per square foot, just before the end of 2023.

Built between 1997 and 1998, the…»

Phoenix’s economic growth has catapulted us to become one of the country’s largest and most dynamic cities. This emerging recognition on the national stage has both prompted inventive developments and revitalized our assets as a result of the innovative efforts of our…»