Commercial Real Estate & Business News – July 24, 2023

The term “mind the gap” had its start in England as a reminder that subway patrons should step over the space between the train door and platform. Today in commercial real estate, the gap is a bid-ask transaction one, where buyers and sellers are separated by a space between their respective…»

Owner and developer SunCap Property Group is adding to its portfolio at Gilbert Spectrum with construction of a Class A, 119,222-square-foot “Building 3.” SunCap has selected Graycor Construction Company as the design-build contractor for the building, which will continue the evolution of the…»

Several Sun Belt markets rank as the top spots for built-to-rent product with Phoenix, Dallas-Fort Worth and Denver taking the top three positions. Developers are homing in on robust population growth and tapping into a consumer segment that bridges the rental market and…»

Lenders and special servicers are looking beyond refinancing options when it comes to working with borrowers on commercial real estate loans that are set to mature in the coming months and years, even as those loans increasingly are backing properties facing distress…»

​X Phoenix, a 506-unit residential coliving and membership club located in the heart of Downtown Phoenix, is opening a 27,000 sq ft., dedicated coworking space on Mon. July 17, 2023. The space offers dedicated desks and private offices as well as an expansive area for a multitude of…»