Commercial Real Estate & Business News – October 24, 2022
NAIOP Sentiment Index Points to Expectations of Challenging Conditions for Next 12 Months The latest NAIOP CRE Sentiment Index is down from spring 2022, suggesting that respondents expect unfavorable conditions for commercial real estate over the next 12 months. Currently the index stands at 47, compared to 52 in April, 56 a year ago and […]
Commercial Real Estate & Business News – October 21, 2022
Design Board Approves Proposed Restaurant-Bar The Scottsdale Design Review Board has recommended council approval of what the owner says will be a five-star restaurant called the Fiesta in Scottsdale’s entertainment district near Camelback Road and N. 73rd Street. The Fiesta, also known as…» Lou Malnati’s Pizzeria, Other Favorite Eateries to Open New Valley Locations; More […]
Commercial Real Estate & Business News – October 20, 2022
Costco Could be Planning A New Business Center in This Valley City A new Costco Business Center could be coming to an old Tempe computer superstore. Earlier this year, Costco Wholesale Corp. (Nasdaq: COST) submitted plans to the city asking to modify the exterior of the former Fry’s Electronics at 2300 W. Baseline Road, said…» […]
Commercial Real Estate & Business News – October 19, 2022
Kimco Cashes In on Kroger-Albertsons Megamerger Kimco Realty, one of the largest publicly traded owners of grocery-anchored shopping centers, wasted no time taking advantage of Kroger’s planned $24.6 billion acquisition of rival grocer Albertsons Cos. The deal, announced Friday, immediately boosted…» Will Arizona See a Recession? Here’s What Experts Say Arizona State University economist […]
Commercial Real Estate & Business News – October 18, 2022
$1 Billion West Valley Resort Featuring ‘Party Island’ to Open in 2023 VAI Global Development, a newly formed entity that’s behind the planned $1 billion resort and lagoon entertainment complex in the Phoenix metro, has unveiled new details about the project that’s now set to open in late 2023. The 60-acre Glendale resort will include […]
Commercial Real Estate & Business News – October 12, 2022
US West Stands Out With Nation’s Strongest Commercial Property Price Growth While commercial property prices climbed in almost all parts of the country in the second quarter, the West secured its place as the region with the strongest price growth, CoStar data shows. The West’s lead in price growth across commercial property types widened over […]