Commercial Real Estate & Business News – January 7, 2025

Operational expenses, including the increasing cost of insurance, will continue to have a major impact on the multifamily industry over the next year, according to Colliers’ 2025 Outlook for commercial real estate. Insurance has been a sticking point for the past couple of years. Deals are being…»

The new year is kicking off with the auction of nearly 700 Party City store leases, a spillover of 2024’s series of retail bankruptcies and liquidations. Woodcliff Lake, New Jersey-based Party City, after filing for Chapter 11 bankruptcy protection last month, is winding down its operations and holding…»

TerraCap Management LLC, a privately held investment firm headquartered in Naples, FL, announced today the acquisition of Valley Vista, a 262,000-square-foot, three-property industrial portfolio spread across the Phoenix, AZ metropolitan area. The three single-story buildings…»

A portion of the popular Prasada shopping center in Surprise has traded hands for $32 million. Real estate investment trust Curbline Properties Corp. (NYSE: CURB) acquired 7 acres in the Prasada North project that’s under development by Scottsdale-based SimonCRE at the Loop 303 and Waddell…»

Today, the Department of Commerce and Natcast announced the Arizona State University (ASU) Research Park in Tempe, Arizona as the anticipated location for the third flagship CHIPS for America research and development (R&D) facility. The CHIPS for America NSTC Prototyping and National Advanced…»