Commercial Real Estate & Business News – October 7, 2021
As Intel Expands in Chandler, What’s Making Arizona ‘Semiconductor Central’? Intel last Friday broke ground on a $20 billion expansion of its facilities in Chandler, Arizona, building two new fabrication plants, or fabs, at its Ocotillo campus. The two new chip factories – which will be known as Fab 52 and Fab 62 – will […]
Commercial Real Estate & Business News – October 6, 2021
Raley’s Acquisition of Bashas’ helps Regional Grocers Compete with Big Players After Arizona supermarket chain Bashas’ announced Oct. 1 that it would agree to an acquisition by a regional grocery company in California, the question that pops out in hindsight is: Why didn’t this happen before? As privately owned entities, both Bashas’ and Raley’s increasingly […]
Commercial Real Estate & Business News – October 5, 2021
Net Lease Cap Rates Reach Historic Lows The Boulder Group’s Third Quarter Net Lease Research Report showed cap rates in the single tenant net lease sector reaching a historic low for all three asset classes in 2021. Cap rates for retail, office and industrial fell to 5.80%, 6.80% and 6.70%, respectively”…» As Intel Expands in […]
Commercial Real Estate & Business News – October 4, 2021
Leading Economist and Local Business Leaders Predict Economic Growth Trends for 2022 and Beyond On September 23, more than 300 professionals gathered for an in-person and live-stream glimpse into the 2022 economy. Sponsored by SRP, this dynamic event featured a provocative and insightful presentation by Andrew Busch, Economic Futurist, BPI, and a lively panel discussion […]
Commercial Real Estate & Business News – October 1, 2021
Phoenix Ranks No. 3 in U.S. Data Center Rankings JLL has released its H1 2021 Data Center Outlook and in the report, Phoenix ranks No. 3 in the U.S. for new data center construction and No. 3 in the U.S. for data center absorption.Local competition is rising to an institutional level and demand doesn’t seem […]
Commercial Real Estate & Business News – September 30, 2021
32 Projects to Watch From NAIOP Arizona Members 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…» […]