Commercial Real Estate & Business News – October 25, 2024

A thundering roar of jets accompanied the opening of Amazon’s newest warehouse on Oct. 23 in metro Phoenix, just minutes away from Luke Air Force Base in the Glendale area. The 1 million square-foot building, located at 15301 W. Northern Ave., is one of three that opened this fall in…»

Electric Pickle, an electrifying new concept blending pickleball, outdoor entertainment and a 12,000-square-foot, two-story globally-inspired restaurant, is gearing up to open its 4.5-acre flagship location in Tempe on Dec. 16. Located near Interstate-10 and Warner Road, just south of…»

Developers of the former Fiesta Mall site surpassed a major hurdle Tuesday after Mesa’s planning and zoning board gave them the green light to rezone the area. The project is now dubbed Fiesta Redefined and aims to reinvent the 80 acres that was once a premier mall in its…»

After the last few years, a challenge for commercial real estate is knowing when to start investing again. Have markets hit bottom? Still, sinking down? The Federal Reserve cut rates by 50 basis points in September. Will they come down further? There’s no guaranteed timing for investment success…»

All but one of the four indices comprising the National Multifamily Housing Council (NMHC) October 2024 Quarterly Survey of Apartment Market Conditions indicated more favorable conditions this quarter. The Sales Volume (67), Equity Financing (63) and Debt Financing…»