Commercial Real Estate & Business News – March 10, 2022

The world’s largest tech companies are preparing to clear the cobwebs and welcome employees back to physical office space, sending an optimistic ripple across the battered real estate industry in anticipation of the return of some of its largest tenants. Roughly…»
It is no shock to know that the West Valley’s industries are booming. Large companies such as Taiwan Semiconductor Manufacturing Company, KORE Energy and countless logistics companies are all making investments as people continue to move to the area…»
The planned redevelopment of a retail center in south Scottsdale to add 238 apartment units and 25,000 square feet of new retail and restaurant space is “a sign of the times,” the project’s zoning attorney said. After owning the center for 17 years, Todd Silver has plans to…»
Developer Bird Dog Industrial sold its Power 202 Business Park in Mesa, Arizona, to GID Investment Advisors for $70 million, roughly 20% above the per-square-foot average price for industrial property in the Phoenix suburb. GID, a firm that buys and develops…»
The pandemic helped ramp up data center usage, as businesses suddenly faced a greater need for cloud technology to connect and support remote workers. This increase in cloud migration has accelerated growth and expansion of data centers globally, causing…»