Commercial Real Estate & Business News November 25, 2019

Photos: Phoenix Suns Unveil Renderings for Arena Renovations Next season, enter the reformed Talking Stick Resort Arena into the open floor plan of the lobby. Glance up at the giant TVs measuring 8,500 square feet mounted above. In the middle of the pavilion is a 60-foot-bar. The pregame, halftime and postgame show will also be moved into this area. “This place will be activated, it will be alive, it will have…»
Sports Entertainment Provides a Promising Future for Retail Real Estate
The future of food and beverage retail is…sports? To hear from “The Future of Restaurants & Entertainment” panel at the ICSC Southeast Conference & Deal Making event, sports-centric concepts are a solid bet for retail real estate owners to pursue going forward. Produced by the International Council of Shopping Centers (ICSC), the…»
Phoenix Neighborhoods, Developers Reach Deal On 44th Street And Camelback Project
Admiration filled the Phoenix City Council chambers Wednesday as members congratulated each other, neighborhood groups and developers.The northwest corner of 44th Street and Camelback Road will be home to new retail, restaurants, an office building and a boutique hotel. Many residents opposed the height of two…»
Much Bigger Desert Diamond Casino Near Glendale Hiring 1,300 Now for February Opening
West Valley residents hankering to play blackjack near home won’t have to wait much longer. The Tohono O’odham Nation announced Tuesday that its new, full-scale Desert Diamond West Valley Casino with table games and slot machines will open on Feb. 19. Construction is nearly complete on the final stage of the $400 million,…»
Are Industrial Fundamentals Beginning to Show Signs of Softness?
While the industrial sector continues to be an investor favorite, there are increasing signs in the marketplace that it may be showing signs of cooling off. The third quarter numbers in the industrial sector “were disappointing,” according to a third quarter report from research firm Reis Inc., as many tenants remain concerned about the future of…»