Commercial Real Estate & Business News – November 15, 2024

So far this year, stabilization has been the word for industrial real estate and industrial markets in the U.S. Considerable reshoring tailwinds are contributing to a surge in manufacturing development. And as more domestic manufacturing facilities near completion in key markets…»

Phoenix-based Vestar has announced a construction start date for its massive shopping center in Buckeye that’s set to feature a Harkins BackLot, a Target, Safeway and more. The retail developer plans to hold a groundbreaking ceremony on Nov. 20 for the new Verrado Marketplace, which…»

TA Realty, a global private-equity firm based in California, has acquired the newly constructed Chandler Airpark 202 industrial development in Chandler, Arizona, for $75.6 million. The property features four buildings totaling 402,487 square feet. US Capital Development and Ares Management…»

The Arizona and national economies are growing at a healthy pace, with favorable trends for employment and inflation as Donald Trump’s election presents new opportunities and challenges. That was the general overview by speakers at Arizona State University’s annual economic-forecast…»

CMBS loan losses are down, according to Trepp. A total of $75.7 million across 10 loans were resolved with $47.3 million in total losses for October. That was down from the previous month when the losses hit $139.5 million. The average loss severity was 62.52%. Looking over the last 12 months…»