Commercial Real Estate & Business News – October 26, 2023

In the 2022 World Series, Houston tourism officials saw economic impact of $12M to $14M per game. The Diamondbacks are headed back to the World Series for the first time since 2001. That means the team and Phoenix businesses have a chance to make some major league bucks this October. Making…»

Legacy Park in Mesa could live to see another day, after its lawyers announced in federal bankruptcy court Tuesday it had a deal to secure buyers. Legacy Park will sell for $25.5 million with the buyer Burke Operating Partners to provide $19.5 million and $6 million to come from the landlord Pacific…»

PHOENIX — Tempe recently agreed to redevelop one of its most iconic structures. As part of the 60-year lease agreement, restaurants, shops, a public park and an improved trailhead to Hayden Butte (A Mountain) will be built at the Hayden Flour Mill located at Mill Avenue and Rio Salado…»

But a key problem could still hinder growth, according to the latest report from Institutional Property Advisors. Having weathered recent headwinds, the medical office building sector is seeing a return to more stable property fundamentals, according to a new Medical Office National Report from…»

If you have several hundred thousand dollars in cash sitting around and available to buy a house, it turns out, you’re not alone. New data from real estate data firm ATTOM Data Solutions shows nearly 37% of single family home and condo sales nationwide last quarter were all-cash purchases. Here in Arizona…»