Commercial Real Estate & Business News – October 24, 2022

NAIOP Sentiment Index Points to Expectations of Challenging Conditions for Next 12 Months

The latest NAIOP CRE Sentiment Index is down from spring 2022, suggesting that respondents expect unfavorable conditions for commercial real estate over the next 12 months. Currently the index stands at 47, compared to 52 in April, 56 a year ago and a pandemic-era low of…»

Chang Chun Arizona Breaks Ground on Facility in Casa Grande

Chang Chun Arizona, a leading petrochemical supplier based in Taiwan, broke ground today on its first U.S. manufacturing facility in Casa Grande, Arizona. The facility is expected to be operational in 2023 and create over 200 jobs, contributing to the…»

Pinal County City Gives Developer Approval Needed to Build New Surf and Water Park

A proposed surf and water park with a hotel district, retail, restaurants and entertainment options is one step closer to being developed in the city of Maricopa just south of the Phoenix metro. The 71-acre park with two, 5-acre surf lagoons, a water park and a…»

Major Data Center Campus West of Phoenix Starts Next Phase

A firm that has developed office and industrial projects across greater Phoenix acquired land south of Luke Air Force Base in Glendale for a planned industrial park slated to have up to 2 million square feet. ViaWest Group paid $12.5 million to buy 82 acres on the…»

Here’s How Data Shows Phoenix Housing Market Is ‘Normalizing’

The Phoenix housing market is normalizing. That is the message shared by Phoenix REALTORS, one of the foremost industry experts serving more than 11,000 real estate sales professionals Valley-wide, as the organization released the latest market data from Sept. 2022…»