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Commercial Real Estate & Business News – March 27, 2024

Phoenix Earned No. 8 Spot for Population Gains in 2023

Phoenix is now the eighth-fastest growing metropolitan statistical area in the nation, according to recently released data from the U.S. Census Bureau. The Valley’s population base added 49,200 people from July 1, 2022, to July 1, 2023, the data found. Many of the top markets...»

LG Energy Solution Secures Critical Financing for Huge Arizona Battery Plant

South Korea-based LG Energy Solution has secured financing through New York investment firm U.S. Realty Advisors LLC for construction of its first battery manufacturing plant in Arizona. The technology giant, a supplier to major car companies such as General Motors and…»

The Status of Maturing Loans in 2024

The view from the ground on office debt coming due in 2024 is something over $600 billion, according to MSCI. And that’s not counting $270 billion from 2023 that weren’t refinanced or, as the firm noted, apparently neither explicitly refinanced or sold. “Given that property owners are…»

Delta Dental to Move Headquarters to Scottsdale

Delta Dental of Arizona, the largest dental insurance firm operating in the state, is downsizing as it prepares to move its headquarters to Scottsdale. Plans call for the dental insurance firm to move into 13,350 square feet of space at The Pinnacle in Kierland IV at 14850 N. Scottsdale…»

SIHI Breaks Ground on Costco-Anchored Buckeye Commons Shopping Center

Sunbelt Investment Holdings, Inc. (SIHI) recently celebrated the groundbreaking for Buckeye Commons, a much-anticipated, Costco-anchored retail center in the bustling West Valley. With freeway frontage that sees nearly 200,000 cars daily, the center will include over 410,000…»