Commercial Real Estate & Business News – January 4, 2024

The Phoenix industrial market delivered a record volume of new deliveries in 2023, according to an analysis from Kidder Mathews. NEW DELIVERIES skyrocketed to a record level 29.8M SF in 2023. RENTAL RATES climbed to a new high of $1.06 PSF NNN. SALES VOLUME increased YOY to…»

Jobs are heading south once more as population shifts originally driven by the Covid pandemic become entrenched and work patterns changed over a five-year period. Cities in Texas were among the biggest job gainers, according to a RealPage Analytics report. Nationally the Dallas/Fort Worth…»

There’s nothing new in healthcare mergers and acquisitions. It’s a major way that corporations in the industry have grown in size and profits. But Collier’s National Director, Healthcare for the USA Shawn Janus recently wrote that there are three factors driving M&A to a higher degree. They are…»

A conundrum for observers of the office market has been the relative resiliency of asking rents in the face of slackening demand that has sent the national vacancy rate up over 400 basis points in four years. Though there are explanations for this phenomenon, there are also signals…»

Denmark-based DSV Air and Sea Inc. closed Jan. 2 on a $46 million parcel of vacant land at the former GM Proving Grounds in Mesa as it moves forward with plans to build a regional headquarters facility. Mesa BA Land LLC, held through Pacific Proving LLC, sold…»