Commercial Real Estate & Business News November 14, 2019

Exclusive Research: Light at the End of the Tunnel? In a seemingly interminable procession, one venerable retail chain after another shuts down stores, restructures under bankruptcy protection or closes shop entirely. (In some cases, it’s been all of the above.) Retail real estate owners and managers have struggled to cope. They scramble to restructure leases or find replacement tenants. The most…»
Northrop Grumman Opens Massive 633K SF Chandler Facility
Fast, but fabulous would be a fitting way to describe the development process and the finished product that is Northrop Grumman’s new 633,000-square-foot build-to-suit campus that sits in the Park Place Business Park in Chandler. On Tuesday, the general contractor on that project, Willmeng Construction Inc., hosted a ribbon-cutting…»
Knightvest Capital Snaps Up Oxford Apartments in Phoenix
Knightvest Capital has purchased Oxford Apartments in Phoenix from a high-net-worth investor for $75 million, or about $174,000 per unit. JLL arranged $57.2 million in acquisition financing for the 432-unit complex, formerly named Indigo Palms, on behalf of the borrower through a national bank. The 94% leased, garden-style complex at…»
Insight Will Expand Into New Chandler Headquarters
Insight Enterprises, the global provider of Insight Intelligent Technology Solutions™ for organizations of all sizes, today announced it will centralize its two Tempe offices to a single first-class creative office space in Chandler, one of the most desirable submarkets for technology businesses in the Phoenix Metropolitan area. The expansion…»
Millennials Continue to Outpace Older Generations in Homebuying
Continuing a trend that stretches back to one year ago, Millennials are still dominating the homebuying landscape, taking on more mortgages than previous generations. A report from says that at the end of the third quarter, the Millennial share of mortgage originations increased 3% from last September, coming in…»