Commercial Real Estate & Business News – October 25, 2024
Why Amazon opened three large warehouses in Phoenix market A thundering roar of jets accompanied the opening of Amazon’s newest warehouse on Oct. 23 in metro Phoenix, just minutes away from Luke Air Force Base in the Glendale area. The 1 million square-foot building, located at 15301 W. Northern Ave., is one of three that […]
Commercial Real Estate & Business News – October 24, 2024
Giants of Retail and What Makes Them Thrive Three of the most popular retailers in the country, Walmart, Target and Costco each call upon distinct strengths and strategies that cater to their unique customer bases, allowing them to thrive in a highly competitive market, according to a new Placer.ai white paper. Titled Retail Giants in…» […]
Commercial Real Estate & Business News – October 23, 2024
Multifamily Financing and Sales Volume Indexes Reach Highest Levels Since 2022 There are encouraging indications that prospects for multifamily deals are looking up, according to the National Multifamily Housing Council’s survey of market conditions. Indexes of sales volumes, equity financing and debt financing all reached their highest levels since April 2022. However, the market…» NMHC […]
Commercial Real Estate & Business News – October 22, 2024
Amazon buys massive Valley site for potential data center Seattle-based Amazon.com Inc. (Nasdaq: AMZN) has bought a 220-acre site in Laveen for a potential data center campus in Phoenix. Amazon acquired the site for $277 million in cash through its subsidiary Amazon Data Services, according to land records and Tempe…» West Valley dominates metro Phoenix […]
Commercial Real Estate & Business News – October 21, 2024
Vacant offices draining $800 million from Arizona’s economy New data reveals that vacant offices in Phoenix and Tucson have led to more than $800 million in lost rent. That’s according to a new study from Switch On Business that analyzed office vacancy rates across America to reveal the true cost of vacant office buildings in […]
Commercial Real Estate & Business News – October 18, 2024
Blackstone sees Fed rate cut as ‘catalyst’ for deals, higher property values Blackstone shares surged to a record high Thursday after the world’s largest commercial property owner reported a better-than-expected third-quarter result and an improved real estate investment performance. The private-equity firm invested or committed $54 billion in the quarter, the highest amount in over…» […]