Commercial Real Estate & Business News October 22, 2019

Commercial Real Estate Gets More Positive Outlook in Latest NAIOP Survey Real estate investors, developers and brokers have higher expectations that commercial property markets will improve over the coming year than they did in March, according to a closely watched survey by national trade organization NAIOP. For the first time since the survey began in March 2016, a higher percentage of respondents in the…»
RED Completes Phase One of Block 23, Signs Three New Leases at CityScape Phoenix
RED has completed phase one of construction at Block 23 in Downtown Phoenix as the mixed-use destination prepares to open additional phases over the coming weeks and recently signed three new leases at neighboring CityScape Phoenix. Within the initial phase of Block 23 is the area’s first long-awaited grocery store by…»
Phoenix Retail Market Healthy Despite National Struggles
The Greater Phoenix retail market is performing well, despite the national trend of retail struggles, according to a report from Colliers International. Overall vacancy of retail space in the metropolitan area was approximately seven percent at the end of the third quarter, which was the 20th consecutive quarter at below ten percent…»
Scottsdale Approves $300M Museum Square Project
The Scottsdale City Council unanimously approved plans for the acclaimed Museum Square development in Old Town on Tuesday night. It was an achievement that led even one Councilwoman, Linda Milhaven, to call the project “historic”. The Scottsdale Council voted 7-0 to approve the development and parking plans for…»
See Where Arizona Ranks in US Road Infrastructure Study
Arizona’s road infrastructure ranks in the top half of U.S. states, according to a recent study. Seattle-based QuoteWizard, LendingTree’s online insurance marketplace, ranked the condition and investment in roads for all 50 states, based on an analysis of Federal Highway Administration data. Rankings are a composite…»