Commercial Real Estate & Business News – September 20, 2024

With the Fed cutting interest rates by half a point this week and more cuts expected before the end of the year, the next 50 days could be a unique window of opportunity where the math aligns particularly well for investors, according to Marcus & Millichap’s national director of research and…»

A new live music and entertainment venue looks to hit the right note in a growing part of the Valley with limited nightlife options. The Bongiorno family, which founded the Arizona home furniture store chain, Potato Barn, is looking to bring The Nox to southeast Mesa. The venue would be…»

Another Canadian company is joining Arizona’s economy. Montreal-based 5C Data Centers (5CDC) is planning its first Arizona project in central Phoenix near downtown. The company said on Sept. 18 that its first development in the region will be a 140,000-square-foot facility with…»

While America is getting a taste of its first-rate cut in four years, Canadian real estate professionals who have welcomed three straight reductions in the overnight lending rate this year still hanker for more. That’s because higher interest rates in Canada since 2022 put a damper on that…»

Advanced Semiconductor Materials’ new north Scottsdale headquarters and research facility is a step closer to reality following city approval of a development agreement. Scottsdale City Council unanimously approved the agreement at its Sept. 17 meeting that would reimburse the…»