Commercial Real Estate & Business News – May 3, 2024

Expansion at Gilbert’s SanTan Village Includes Whole Foods, Dick’s House of Sport

SanTan Village, Gilbert’s main shopping mecca, is poised to expand on 30 acres with major anchor tenants such as Whole Foods and a new Dick’s Sporting Goods concept store. The project has been dubbed Signature at SanTan Village. It is proposed to have more than 322,000...»

Senior Residential Community in Scottsdale Looks for Site Plan Approval After Getting Rezoning

A residential health care facility aimed at seniors is in the works in Scottsdale. The project, which is called Headwaters, is named after its developer. Scottsdale’s Development Review Board on May 2 will consider approval of a site plan, landscape plan and building elevations…»

Record Level of Construction Drives up Phoenix Industrial Vacancy

Greater Phoenix has been posting record levels of industrial construction and delivery of new product has driven up vacancy levels in the metropolitan area, according to a report from Colliers. During first quarter, 9.7 million new square feet were completed and vacancy rose…»

Investors Weigh Whether Prices Have Hit Bottom

Depending on the investor type, today is either the time to buy or the time to wait for the market to hit “bottom,” according to John Chang, Senior Vice President, National Research and Investor Relations. Speaking during his firm’s recent industry trends video, he said…»

Mesa Sees Spike in Industrial Vacancies

Yellow warning lights are blinking for Mesa’s industrial market, but there are also reasons for optimism in a new report on the industrial real estate market in the Valley. The report published last week by investment management firm Colliers shows vacancy rates for industrial buildings…»