Commercial Real Estate & Business News – October 5, 2023

GILBERT, AZ – Olympus Property, a renowned real estate investment and property management company, announced the successful acquisition of Aiya, a 360-unit garden-style community nestled in the heart of Gilbert, AZ. Crafted in the image of a high-end resort, this Class A newly developed property is widely…»

250,000-Square-Foot, Experience-Focused Sporting Goods Retailer Welcomed First Shoppers Saturday, Sept. 30. New Retailer Takes Place of Former Department Store, Approximately 100,000 SF Larger Than Previous Anchor. SANTA MONICA, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) — Macerich (NYSE: MAC)…»

Colleges and universities have seen strong enrollment growth since the pandemic. This growth has been challenged by historically limited new supply of rental units. As an investment opportunity, student housing makes a compelling case, as it has shown resilience in economic downturns. But…»

Arizona Democratic House members Ruben Gallego and Greg Stanton said Monday the state is receiving more than $1 billion from the Bipartisan Infrastructure Law to help repair highways and bridges and to build accommodations for electric vehicles. “Investing in Arizona’s highways and infrastructure…»

Officials said Wednesday that Super Bowl visitors spent over $200 million in Arizona back in February. PHOENIX — Super Bowl 57 in Glendale generated an economic impact that was 40% bigger than the last time Arizona hosted the big game, according to new figures disclosed…»