Commercial Real Estate & Business News October 30, 2019

‘Game-changer’ SkyBridge Arizona Breaks Ground in Mesa SkyBridge Arizona and leading general contractor Graycor Construction Company joined today with local dignitaries, Phoenix-Mesa Gateway Airport, business leaders and project leasing firm CBRE to break ground on the first two buildings at SkyBridge Arizona. The major master-planned development will serve as the nation’s first-ever joint U.S. and Mexico inland port…»
Hines Sells Kierland One to Dallas Buyer
Hines, the international real estate firm, announced today that it has sold Kierland One through a single purpose entity partnership between Hines and PCCP, LLC (PCCP) for an undisclosed price.Kierland One is 90% leased after recently finishing a building refresh that included renovating the lobby and updating the exterior paint…»
Phoenix is the No. 1 Migration Destination
Americans move more often than any other people in the word. Within the U.S. borders, metro to metro migration accounts for many of the population shifts. But which are the top 10 most popular migration destinations? Using U.S. Census Bureau data, COMMERCIALCafé’s latest study answers precisely this question.  And Phoenix is the No. 1 answer…»
Prologis to Buy Liberty Property Trust for $12.6B
WAYNE, PA-Prologis announced on Sunday it had struck a deal to acquire locally-based Liberty Property Trust for $12.6 billion.The deal is reflective of the high demand for industrial warehouses, particularly those that are located in high-demand, last mile delivery locations-indeed, the transaction will deepen San Francisco-based Prologis’ presence in target markets such as Lehigh Valley, Chicago, Houston…»
Will the Housing Market Continue to Prop up the US Economy?
New York (CNN Business)Despite a recent drop in retail sales, softer business spending and a slowdown in job growth, the housing market keeps humming along. That’s good news for a US economy that may need housing to keep the current recovery alive. The National Association of Home Builders reported last week that builder sentiment in October reached its highest level since Feb…»