Commercial Real Estate & Business News – January 3, 2023

Best Arizona Real Estate Opportunities for EB5 Investors

Are you looking for the best real estate opportunities in Arizona for EB5 investors? Arizona’s low taxes and high appreciation rates make it an attractive destination for real estate investments. Phoenix, in particular, is an excellent market for EB-5 investors…»

Workspace Pays $170M for 1 MSF Suburban Office Portfolio

Workspace Property Trust has acquired an additional 1 million square feet of suburban office space spread across six assets in five markets from Griffin Realty Trust for $170.4 million. The transaction, combined with an August blockbuster deal for about…»

Several Buildings at Thunderbird Business Park in Phoenix Sell; More Real Estate Deals to Know

Several buildings located within the Thunderbird Business Park were recently acquired for $7 million — the first time this portfolio has been sold in 20 years. The five-building industrial portfolio is located on about seven acres within…»

Transblue Opens First Arizona Location in Scottsdale

Transblue, a leading construction and project management company, recently opened a new location in Scottsdale, offering luxury exterior design services to commercial, multi-family and homeowner properties across central Arizona. As the professional link between…»

How Tech Layoffs are Impacting the Phoenix Area’s Office Market

Phoenix recently topped a list of 30 markets with the biggest gains in sublease office space. And across the country, technology firms have made decisions to drastically reduce their office footprints. Inc. (NYSE: CRM) is to likely continue…»