Commercial Real Estate & Business News – March 4, 2021

The Valley has been a haven for entrepreneurial activity, according to a new report from Roofstock, a real estate investment platform. The Phoenix metro had a startup formation rate of 9.63%, defined as the number of new businesses in a given year divided by the total number of businesses in a given metro…»

Nearly a year into the coronavirus pandemic, it’s clear that apartment developers, investors and lenders remain cautious despite an improving economic outlook and a multifamily sector that is on the road to recovery. Roughly 565,000 apartments are under construction, down from the more…»

PHOENIX, AZ – JLL Income Property Trust has acquired a 474,000-square-foot newly-constructed, class A distribution center in Phoenix, AZ for $91 million. The four-building asset, Southeast Phoenix Distribution Center, is located in Phoenix’s Chandler submarket, at the confluence of Interstate 10 and Loop 202…»

Taiwan Semiconductor Manufacturing Co. Ltd.’s planned Phoenix manufacturing plant will likely be three times larger than was originally announced. The cost to build the manufacturing facility is likely to be closer to $35 billion, nearly triple the $12 billion first announced, according to sources with knowledge…»

Multi-Housing News (MHN), a media brand specializing in residential real estate news and analysis, has published a list of the top five U.S. self-storage markets based on investment volume in 2020. The list was compiled using data from Yardi Matrix, the self-storage data-services platform offered by management…»