Commercial Real Estate & Business News – October 18, 2024

Blackstone shares surged to a record high Thursday after the world’s largest commercial property owner reported a better-than-expected third-quarter result and an improved real estate investment performance. The private-equity firm invested or committed $54 billion in the quarter, the highest amount in over…»

Whole Foods Market opened its latest Valley grocery store on Oct. 16 at PV, the $2 billion redevelopment project at the former site of Paradise Valley Mall. “We are thrilled to welcome the Paradise Valley community to this new larger space,” said Laura Kammerer, store team…»

2024 has been a turbulent year thus far as we have witnessed dramatic national and global events that may very well alter the course of history. During this past quarter alone: Two assassination attempts were made on a former U.S. President who is a major party candidate once again…»

7-Eleven is closing more than 400 stores in the United States and Canada, officials said, crediting fewer sales due to inflation and continued declines in cigarette sales. The 444 stores to close are among 13,000 stores the convenience chain has in the United States and Canada. A list of stores…»

As the outer edges of Mesa see a surge in activity with first-generation employment centers, residential communities, and retail and entertainment uses, the city is taking a close look at restoring some of its existing underperforming spaces…»