Commercial Real Estate & Business News – January 6, 2022

As we close the page on 2021, hopes that we would be doing the same on COVID-19 have stalled. The Omicron variant has been shuttering businesses, canceling flights and clouding the near-term outlook. But ever since the emergence of COVID-19 in early 2020, one thing that the virus couldn’t stop was…»

A U.S. semiconductor company is scouting multiple sites in Arizona, Texas, California and North Carolina for a project that could have a capital investment of $40 billion or more with 5,000 to 10,000 jobs at full buildout. Multiple sources told the Triangle Business Journal in North Carolina that the project is on an…»

Activity around the Woolf Logistics Center, a 1,340-acre industrial site in Glendale just north of Luke Air Force Base, has seen significant activity recently with several large land sales.Over the past month, more than 600 acres around the site have sold in three separate deals for a total of nearly $150 million. The largest sale was comprised of…»

A California real estate investment firm paid $71 million for a four-building industrial park in the Phoenix suburb of Avondale. Phoenix-based developer Eisenberg Co., which built the 405,656-square-foot Avondale 107 park last year, sold the quartet of fully leased buildings to Cohen Asset Management Investors, based in…»

I recently read an article in a nationally published apartment industry report called Rent Cafe, which stated that Scottsdale “renters struggled to find an apartment in our city where they met an awful mix of high occupancy rates of 96.3%, and 20 applicants competing for every vacant apartment that…»