Commercial Real Estate & Business News – March 21, 2023

Banner Health Plans to Build $400M Banner Scottsdale Medical Center

Banner Health is finalizing the purchase of +/- 48 acres of land on the southwest corner of Hayden Rd. and the Loop 101 freeway to build Banner Scottsdale Medical Center, a new, comprehensive medical center and support services in the…»

Up to 4K Apartments Could Replace Fiesta Mall

Mesa did not have to wait long to see what the newly consolidated ownership of Fiesta Mall wants to do with the long-dormant mall. Now that it is apparently down to just one owner, plans submitted earlier this month to the city show that…»

Tempe Looking to Transform Apache Corridor Site

The city of Tempe is planning a mixed-use project that would bring affordable housing and a grocery store to Apache Boulevard near ASU’s main campus. The city recently issued a request for proposal to transform the eight-acre site that once...»

U.S. Sale-Leaseback Volume Sets New Records

Total U.S. sale-leaseback volume of 874 unique transactions during 2022 exceeded the prior record volume of 789 in 2021, according to SLB Capital Advisors, an advisory firm focused on sale-leasebacks and M&A-related real estate transactions…»

Where Stress Is Showing in the $20 Trillion Commercial Real Estate Market

Markets are suddenly on edge due to strains in the financial system. But banks aren’t the only source of stress. Pockets of the commercial real estate market — which is worth around $20 trillion — are showing cracks as well…»