Commercial Real Estate & Business News – October 20, 2022

A new Costco Business Center could be coming to an old Tempe computer superstore. Earlier this year, Costco Wholesale Corp. (Nasdaq: COST) submitted plans to the city asking to modify the exterior of the former Fry’s Electronics at 2300 W. Baseline Road, said…»

The state of the single-family for sale market was summarized nicely by Lisa Sturtevant, Bright MLS, when she pointed out recently that there are 1.2 million homes listed for sale — and 1.6 million agents. Then Sturtevant, whose firm covers the mid-Atlantic region, added that…»

ViaWest Group is one step closer to commence construction on an industrial park featuring 15 buildings with nearly 2 million square feet of space. The developer purchased an initial 82 acres for the project’s first phase. The firm acquired a 82-acre site in…»

A local real estate development firm has finished the last five buildings at the 11-building Metro East Valley Commerce Center, a 1.1 million-square-foot industrial park in Phoenix’s Mesa suburb. Metro Commercial Properties, based in Tempe, and its contractor, design-build firm…»

New York-based Life Storage Inc. real estate investment trust paid $142 million in cash for a self-storage portfolio to various partnerships owned and controlled by Bill Levine and Andrew Cohn. Levine and Cohn, principals of Phoenix-based Levine Investments, developed the…»