Commercial Real Estate & Business News – July 14, 2022

The Phoenix metro could soon be home to the one of the largest cricket stadiums in the country as the sport continues rising in popularity across the U.S.Glendale-based Mangat Group, a real estate investment and development company, plans to…»

About 391 acres of land in the City of Glendale has been sold for $255.3 million, according to Vizzda. The buyer was QTS Datacenters and the seller was First Industrial Realty Trust. The buyers plan to use the land to…»

One of Tempe’s newer office towers is getting close to a full mix of tenants leased and in operation.100 Mill — a project developed by Hines and Cousins Properties — will have its largest tenant in Amazon.com Inc. operating on floors…»

Arrowhead Towne Center, a large indoor mall in Glendale, will soon be home to the Valley’s first Round1 Bowling & Amusement location. Macerich Co. (NYSE: MAC), the owner of Arrowhead Towne Center and other major shopping destinations in…»

Office sector leasing was flat in the second quarter, but the so-called flight to quality continued to gain speed, leading to what JLL has called a “widening divergence in absorption and rent growth based on building age and amenitization…»