Commercial Real Estate & Business News – November 7, 2023

The Arizona State Land Department is projecting more than $300 million in land sales for the fiscal year ending June 30, 2024. That’s up from $292.1 million in revenue generated during fiscal 2023 — across 13 transactions totaling 5,580.09 acres, according to the department. Robyn Sahid…»

The landscape of CRE has undergone significant transformations throughout the year. This CRE market update delves into key trends and insights to help industry professionals understand the current landscape and what to expect for the last quarter of 2023. The market saw a 5%…»

LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Company (LPC), has joined with Maricopa County Board of Supervisors Chairman Clint Hickman, project partners and VIP guests to celebrate the groundbreaking of Luke Field, a $515 million, 2.4 million-square-foot Class A industrial…»

A west Phoenix development that will include a five-building industrial park and a seven-acre retail and restaurant area could bring some long-desired dining options to the western edge of the city. Phoenix-based Creation and New York-based Clarion Partners bought about 86 acres of land…»

A student housing complex near Phoenix sold for $130 million in the region’s second-largest multifamily deal of the past year amid recovering demand among renters and investors. Austin, Texas-based investment firm Virtus Real Estate Capital partnered with Columbus, Ohio-based Coastal Ridge…»