Commercial Real Estate & Business News – May 2, 2023

Since 1983, GlobeSt. Real Estate Forum has recognized a growing number of female CRE professionals for their remarkable achievements. Once again, GlobeSt. has collected nominations across various categories, spanning the entire commercial real estate spectrum, in effort to shine a light…»

In a signal of the Phoenix metro’s growing presence in the automotive and semiconductor industries, more than 60 companies in those sectors — mostly from Taiwan and Singapore as well as Japan, New Zealand, Switzerland and Ireland — converged in the Valley in the past week to learn…»

The nonprofit organization that owns Legacy Park, the massive sports complex in east Mesa, announced Monday it was filing for bankruptcy protection, further clouding the financial picture of the park that has brought in millions of athletes and visitors, but not enough dollars. In a news release,…»

Institutional investors are sitting on the sidelines of the commercial real estate investment market, but they are not backing away from the asset class entirely. Instead, they are waiting for the investment sales climate to become less volatile and for asset prices to fall,…»

An apartment real estate investment trust critical of the eviction moratoriums instituted during the pandemic reported that its bad debt has dropped faster than expected this year now that the emergency bans have been lifted. Bad debt caused by non-payment of rent at properties owned by…»