Commercial Real Estate & Business News – January 26, 2024

A report from BlackRock Real Estate Research says that investments after periods of downturns tend to perform well afterwards. Specifically, the period starting in 2022 where the Federal Reserve tightened interest rates, which led to lower transactions volumes and declining…»

Just $374 billion of commercial real estate sold in the U.S. last year, the Wall Street Journal reported Wednesday, citing data from MSCI Real Assets. That’s a 51% drop compared with 2022 and also 14% lower than in 2020, when prospective buyers couldn’t view buildings for most of…»

Phoenix leads the country in industrial construction in early 2024, usurping the Dallas-Fort Worth region as the nation’s construction hot spot, a throne it has held since 2016. Both markets are contending with record supply additions over the past few years as renewed focus on domestic…»

Despite national declines, Phoenix stands at the forefront of industrial space occupancy and demand, with a 3% increase in occupied space and the delivery of 16.5 million square feet of industrial product in Q3 2023, as highlighted in LGE Design Build’s newly released…»

Aging city-owned properties in Mesa could end up being part of an expanding Arizona State University campus thanks to an updated agreement between the city and the school. The City Council has for years dreamed the university could anchor its arts and innovation district and bring…»