Commercial Real Estate & Business News – November 17, 2023

CRE Price Declines are Starting to Stabilize

Trepp regularly watches property prices, using an index technique to show relative strength compared to some baseline year. Right now the Trepp Property Price Index, self-described as a “vital tool for gauging the health of commercial real estate,” has seen a continuous decline since…»

PTK Spotlight: Arizona Land Brokers to Know in 2024

Every year, AZ Big Media, which publishes both PTK and AZRE magazines selects Arizona’s top people and projects to showcase in its premier commercial real estate magazine — PTK — from an impressive and competitive nomination pool. Each day we will highlight 20 different categories…»

Sam Fox’s The Henry Replacing Applebee’s at Uptown Plaza in Phoenix

The Henry, a favorite restaurant, coffee shop and meeting place among Phoenix’s business community, will be opening a new location a few miles down Camelback Road next year. Fox Restaurant Concepts, which was founded by Sam Fox and is now owned by The Cheesecake Factory…»

Holualoa Cos. Rebrands & Bolsters Camelback Lakeside Office Building

Nearly two years after purchasing an office campus in the Camelback corridor, Holualoa Cos. said activity is picking up amid renovations, a rebrand of the property and planned on-site multifamily units. Planned improvements to Tucson-based Holualoa’s WaterView campus — a nod to a more…»

Metro Phoenix Posts Historic Level of Industrial Completions

The Greater Phoenix industrial market posted its historically highest level of new industrial space completions during third quarter, adding 12 million square feet to the city’s inventory. This drove a rise in net absorption and also elevated the vacancy rate, according to a report released…»