Commercial Real Estate & Business News – March 28, 2024

Multifamily Investors Plan to Transact More Soon

A robust 62% of multifamily investors expect to increase their purchasing activity from last year and 40% expect to sell more, according to CBRE’s 2024 Global Multifamily Investor Intentions Survey in late 2023 of 1,200 investors. And nearly half (47%) of multifamily investors...»

Vacated Former Office Headquarters Transformed Into Logistics Hub for Eastern Phoenix Suburb

Developer ViaWest Group redeveloped what was once the office headquarters of computer consulting firm Insight Enterprises into what is now Sight Logistics Park, designed to serve industrial tenants on a nearly 18-acre site in the eastern Phoenix suburb of Tempe, Arizona…»

Home Depot, Dick’s Sporting Goods Stores Could be Next for Buckeye

A new Home Depot and Dick’s Sporting Goods could be the next major tenants for a planned shopping center west of Phoenix. The Home Depot Inc. (NYSE: HD) started a preliminary application process in March for a new store at Buckeye Commons, according to public documents…»

Valley’s Upper Crust Apartment Communities Continue Steep Price Climb

What a difference five years can make. Phoenix’s multifamily market is an example of how a variety of factors — a global pandemic, widespread material shortages, inflation and a looming credit crunch, to name a few — can drive big changes in a relatively short window. Perhaps…»

Ryan Companies Breaks Ground on Surprise 34 Industrial Park

Ryan Companies US, Inc., a national commercial real estate solutions provider, and ESI Ventures announce the financial closing and beginning of construction for Surprise 34. Comprised of two buildings totaling more than 145,000 square feet, the industrial campus will provide premier…»