Commercial Real Estate & Business News – September 8, 2022

Survey: Despite Inflation, Holiday Shopping Intent Looks Strong

A solid majority of consumers will spend at least $100 this holiday season. According to the 2022 Holiday Preview from market research data and technology company Numerator, roughly six in 10 (59%) surveyed consumers expect to spend more than $200 on holiday purchases in 2022. Another…»

New Semiconductor Legislation Could be Boon, Possibly Bringing Arizona Another 10,000 Jobs


Arizona is poised to assume a leading role in America’s semiconductor renaissance, helped by a multibillion-dollar infusion of federal funding from recently enacted legislation, say business, political and educational leaders. One of the more tangible results could be…»

Construction Costs Bite into Apartment Investment Returns

The cost of construction will probably keep rising—cutting into the yield of investments in apartment developments—even though a few materials, such as lumber and concrete, have become less expensive in the last few months. The bids contractors submit to…»

E. Mesa Sears Site Could House 254 Apartments

The owner of the now-shuttered Sears department store at Superstition Springs Center mall in east Mesa is proposing to knock the building down for 254 garden-style apartment units spread across seven three-story buildings. Seritage Growth Properties, which…»

Graham Street Realty Acquires First Arizona Property With Purchase in Scottsdale

PHOENIX, Ariz., Sept. 7, 2022 /PRNewswire/ — San Francisco-based commercial real estate investment firm Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has acquired Cimmaron Industrial Park in the Scottsdale Airport Industrial submarket of the…»