Commercial Real Estate & Business News – November 12, 2021

Mesa, AZ – Nick Miner, CCIM of ORION Investment Real Estate reports selling a 100% occupied property at 1258 West Baseline Road for $1,500,000 or $123 per square foot and a 7.1% cap rate. Miner of ORION represented the Seller, Van’s Golf Properties LLC, while the…»
It’s long been thought that employment would surge once enhanced unemployment benefits, handed out to cushion the pain of the pandemic, were allowed to expire. While many unemployed workers may not yet be ready to return to work, last week’s…»
CA Industrial (“CA”) announced the groundbreaking of the first phase of Luke Logistics Center in Glendale, Arizona. The development is the product of a joint venture partnership between CA Industrial and DWS/RREFF. “The groundbreaking of the first phase of Luke Logistics Center marks the…»
Restaurants are facing shrinking margins with higher food, fuel, labor and transportation costs, according to a report from the Restaurant Finance group at Mitsubishi UFJ Financial Group. The rise in labor costs comes from a number of post-pandemic factors including the…»
California-based business park developer Majestic Realty Co.has completely leased its Majestic 202 spec development before construction is finished. The two-building speculative development is being built located at Loop 202 and Greenfield Road in Mesa. A single tenant leased the entire…»