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Commercial Real Estate & Business News – November 8, 2022

Third Quarter Sales Highlight Strong Appeal of Southern States for Hotel Investors

The ongoing recovery in hotel performance metrics continues to attract buyers and spur deals, albeit at a slower pace than last year. More than 1,700 properties changed hands for a total deal volume of under $11 billion in the third quarter, well below the…»

Is Phoenix Ready for Another Auto Mall? A Top National Developer is Considering the Options

One of the country’s top developers of auto malls is trying to find out where in the Valley the next big master-planned car dealership development will go. Jim Mullin, the president Mullin 360, has been developing auto malls across the state and the country for more than…»

Phoenix Ranks as No. 5 Data Center Market by Sales Volume

The latest 42Floors report takes a closer look at the backbone of our rapidly growing digital economy: data centers. The Phoenix data center market ranks as the No. 5 market by sales volume. Our team analyzed data center sales activity and construction data from…»

$100 Million To Enhance Arizona Semiconductor Ecosystem

Arizona has grown into a premier semiconductor destination. Today’s consequential funding capitalizes on that momentum, aiming to establish a world-class public-private partnership focused on the development and manufacturing of next-generation…»

Developers Still Oppose Mesa Drive-Thru Regs

Mesa has rolled back some of its proposed restrictions on new drive-thrus, but commercial developers at a Nov. 1 public meeting still found much to criticize in the package of zoning changes. Mesa Planning Director Nana Appiah asked attendees to engage in…»