Commercial Real Estate & Business News – October 5, 2021

The Boulder Group’s Third Quarter Net Lease Research Report showed cap rates in the single tenant net lease sector reaching a historic low for all three asset classes in 2021. Cap rates for retail, office and industrial fell to 5.80%, 6.80% and 6.70%, respectively”…»
Intel last Friday broke ground on a $20 billion expansion of its facilities in Chandler, Arizona, building two new fabrication plants, or fabs, at its Ocotillo campus. The two new chip factories – which will be known as Fab 52 and Fab 62 – will be…»
Southeast Mesa continues to be a hot landing spot for large industrial real estate projects.National real estate and development firm CRG has closed on 268 acres in the southeast Valley and plans to build its second multimillion-dollar industrial park in the…»
Everyone in Arizona, it would seem, has something to say about the Bashas.The family on Friday announced it would sell its entire supermarket business — which includes Bashas’, Food City and AJ’s Fine Foods — to California-based…»
The Arizona Coyotes still haven’t figured out where the team will be playing home games a year from now, but the team’s front office has fully focused on building its proposed arena in Tempe.Xavier Gutierrez, the Coyotes’ president and…»