Commercial Real Estate & Business News – August 30, 2021

Today national design-build firm Clayco, along with representatives from Hubbard Street Group, Shepley Bulfinch, local politicians and community groups celebrated the groundbreaking of a new 26-story residential tower, Skye on 6th, in downtown Phoenix’s Roosevelt Row…»

A proposed industrial project in Mesa would cover more than 100 acres and cost up to $150 million, if the project is approved by Mesa City Council.The AirPark 202 project would consist of six buildings, totaling 1.5 million square feet of new “high-quality” industrial…»

A Chicago real estate developer is planning a 1 million-square-foot industrial park along Loop 303 in Surprise, Arizona, one of Phoenix’s outermost suburbs.Baker Development Corp. paid $20 million for 81 acres on the northeast corner of Cactus Road and Loop 303,…»

All four major property types posted larger prices gains nationally in July compared to June, Real Capital Analytics said Thursday. The analytics firm’s CPPI grew 11.8% over the past year and 1.2% over the previous month. Retail and office sector pricing posted significant annual price jumps,…»

What a difference a year makes. Commercial mortgage loan originations were 106 percent higher in the second quarter of 2021 compared to a year ago and increased 66 percent from the first quarter of 2021, according to the second-quarter2021 release of the…»