Commercial Real Estate & Business News – January 28, 2022

Innovation and Arizona State University (ASU) are essentially synonyms. For the seven years that U.S. News & World Report has offered an innovation category, ASU snatched No. 1 every time, outperforming other juggernauts such as Stanford University and Massachusetts Institute of Technology. One outlet…»

One of the nation’s largest developers and office landlords said leasing volume for its office properties across the country has returned to pre-pandemic levels, a surge it now expects to accelerate through the rest of the year. Boston Properties said it’s now operating under…»

The US industrial market rounded out 2021 with dramatic leasing activity across the board in the fourth quarter, with asking rents growing at near-record levels and capital markets volume reaching record territory at $160.3 billion. A new report from Newmark signals that 2022 will be…»

Lovett Industrial is planning the construction of a two-building, 1.7 million-square-foot industrial campus in Glendale, Ariz., dubbed NorthPark Logistics Center. The Houston-based firm acquired 139 acres along the Northern Parkway, intending to entitle the site for…»

XNRGY, one of the largest custom air handling manufacturers in North America, announced the construction of a new cutting-edge manufacturing facility in the Greater Phoenix area, which will be designated as their headquarters. XNRGY is growing exponentially due to…»