Commercial Real Estate & Business News – July 2, 2021

The Scottsdale Plaza Resort, one of the largest hospitality properties in the Valley, was acquired by a partnership between premier hospitality management company Highgate and Boston-based real estate private equity firm Rockpoint Group. The transaction priced at…»

Construction of the University of Arizona’s new $85 million, three-story Applied Research Building began as crews broke ground on the 89,000-square-foot facility. Located at the southeast corner of East Helen Street and North Highland Avenue, the ARB will house research that advances…»

The exponential growth in e-commerce sales is a “misleading signal” for the industrial market, says Real Capital Analytics’ Jim Costello–and savvy investors should watch out for the inevitable slowdown. “The thing about exponential trends is that they only match into the future for some time,…»

According to The Newmark Opportunity Index: Identifying Commercial Real Estate Opportunities and Challenges in Major U.S. Markets, a new white paper released recently by Newmark, Phoenix is one of the five hottest national real estate markets. The index assesses and ranks various geographic…»

Several mall owners and retailers have reported strong growth over the last quarter, as the era of the “standard 80s-style mall” comes to an end and a new model of malls functioning as a town center comes into vogue. A new retail market outlook from JLL looks bright (for some companies,…»