Commercial Real Estate & Business News – April 29, 2021
Asian Grocer 99 Ranch Market to Anchor Renovated Chandler Shopping Center A recently renovated Chandler shopping center will be home to a number of first-to-market Asian retailers and restaurants. A $10 million makeover was recently completed on a 117,000-square-foot retail center on the northeast corner of Chandler…» Tensions Rise as Return-to-work Plans Gain Steam As […]
Commercial Real Estate & Business News – April 28, 2021
Massive 1.5M SF Industrial Project will Front 202 Freeway in Mesa A massive new industrial project is set for development on a key 101-acre parcel fronting the 202 Freeway near Phoenix-Mesa Gateway Airport. LaPour Partners is teaming with Scottsdale Investment Management (“SIM”) to build 1.5 million square feet of new industrial…» Here are 6 Metro […]
Commercial Real Estate & Business News – April 27, 2021
2 New Amazon Sort Centers will Create Hundreds of Arizona Jobs Amazon is continuing its investment in Arizona with two new sortation centers — one in Glendale and one in Tucson — to support customer fulfillment and delivery operations. The Tucson site is expected to open later this year and create hundreds of new full- […]
Commercial Real Estate & Business News – April 26, 2021
Office Is On a Slow Slog to Recovery The office market is showing renewed signs of life as firms evaluate and implement return-to-work strategies, with average leasing rates inching up 1.4% year-over-year to an average of $38.67 per square foot. Manhattan remained the priciest market nationwide, with…» Wood Partners Will Build New Luxury Community in Gilbert […]
Commercial Real Estate & Business News – April 22, 2021
Can Phoenix Become America’s Semiconductor Capital? Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In light of the global semiconductor shortage, however, the U.S. is becoming…» What is on the West Valley Horizon in […]
Commercial Real Estate & Business News – April 21, 2021
Strong First Quarter Demand a Welcome Sign for Apartment Owners Apartment demand in the United States continues to outpace typical seasonal trends, with the rollout of coronavirus vaccinations helping to drive one of the best first quarters for demand over the past decade. Demand came in stronger than the usual fourth quarter…» What Investors Need […]