Commercial Real Estate & Business News – July 11, 2023

Building stronger, safer and more sustainable homes has never been more important. That’s why Tempe-based HercuTech, the manufacturer of the environmentally-friendly wall building system HercuWall®, partnered with developer Harvard Investments to build the most…»

San Francisco-based Prologis Inc. has purchased several industrial facilities in the Phoenix area as part of a larger $3.1 billion acquisition from New York City-based Blackstone Inc. (NYSE: BX). Prologis paid at least $242 million in all cash for some 10 buildings in the Valley…»

Denver-based Vantage Data Centers has made significant progress on the second phase of its planned campus with the recent topping out of its facility in Goodyear. For several years, Vantage has been working on developing a campus that’s expected to total about 1 million square feet across…»

When it comes to inflation, understanding it can be complex as there are multiple definitions. And under one newer measure from the Federal Reserve Bank of New York, it may be that things are getting better faster for consumers than it has seemed. Headline inflation is the overall number…»

​New housing is needed just about everywhere, but it continues to take longer to build. Developers need a reported six weeks longer to build a single-family house than the average completion time in 2021, according to the 2022 Survey of Construction from the Census Bureau. The survey shows that…»