Commercial Real Estate & Business News – September 30, 2021

From a 6,500-square-foot restaurant and retail addition that will enhance the already popular Park Central development in Central Phoenix to multimillion-square-foot industrial parks along the Loop 303, commercial real estate showed no signs of slowing down during the pandemic. In fact, NAIOP Arizona members were busier than…»
Preserving open space, creating housing options and addressing an unsightly county island were among the priorities members of the public wanted addressed as the city of Tempe works on its character area plan for the northern portion of the city, north of Loop 202.The city has been working through the planning process for about…»
Black Rock Coffee Bar, the popular Oregon-based boutique coffee chain that is known for its premium roasted coffees, teas, smoothies and flavorful drinks, continues to expand its number of locations in the U.S. with the addition of a new drive-thru-only store in Phoenix, Arizona. This is the second.…»
Hotel recovery varies from California to Florida and Canada to the United Kingdom, as each destination has unique demand drivers and different timelines for lifting various COVID-19 restrictions. Revenue per available room recovery has also differed widely when comparing major markets in the western United States.When…»
Trammell Crow Co. bought 40 acres in the Phoenix suburb of Mesa for development of a four-building industrial park expected to break ground in November.The Dallas-based developer plans to build Elliot Gateway, a 516,601-square-foot logistics park at 9020 E. Elliot Road with four single-story buildings ranging from…»