Commercial Real Estate & Business News – May 22, 2024

A high-rise student housing tower proposed on the site of a shuttered, formerly popular college bar in Tempe could face an uphill battle for approval after an icy reception from a city commission. Landmark Properties, a Georgia-based real estate firm that specializes in off-campus...»

Tannin Development Corp. announced the completion of Edison Midtown, a luxury condo community at 3131 N. Central Ave in Phoenix. The final phase marks the completion of the 110-unit community, which had been stalled for six years due to the original developer’s inability to…»

The big thing right now is there’s a massive disconnect between the fundamentals of the retailers and the leasing fundamentals in the shopping centers, and the level of disruption and disconnect in the capital markets. Those thoughts are according to Adam Ifshin, CEO and founder…»

You wouldn’t know it from headlines focusing on recent store closings, but the overall U.S. retail sector has undergone a resurgence in the past couple of years, with vacancy rates declining and rents rising to record highs. Three drivers are supporting the revival. There’s been a…»

WeWork Inc. plans to keep its office lease at the Esplanade. As part of its plans to emerge from bankruptcy by May 31, the New York City-based coworking company said Monday it expects to assume 89 additional leases across the United States and Canada – including at…»