Commercial Real Estate & Business News – March 27, 2023

The U.S. remains a preferred global destination for commercial real estate investment with allocations up 6% from 2022, compared to a 5% decline in European investment, according to AFIRE’s International Investor Survey: Q1 2023 Pulse Report…»

With the interest rate ticking up to a 15-year high, many Marketplaces Industry watchers fear a looming wave of commercial property mortgage maturations. If borrowers default or fail to make payments as their loans mature, that could…»

LG Energy Solution today announced it will invest approximately $5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for…»

After eight years of pushing through the entitlement process in Pinal County, a motorsports park finally opened its doors to car manufacturers and race enthusiasts in December 2021 with a 2.3-mile asphalt course south of Phoenix in Casa Grande…»

A new West Valley construction project valued at $120 million broke ground Friday. Called Centerline at Glendale, the development will eventually offer more than 350 affordable housing units, according to Jacqueline Edwards, director of…»