Commercial Real Estate & Business News – February 22, 2022

Despite rising prices and mortgage rates, the Valley’s red-hot housing market won’t be crashing in 2022, panelists from the Phoenix Business Journal’s recent residential real estate panel said. Job growth in metro Phoenix is one factor that will keep…»

The suburbs are changing fast—and emerging trends in suburban construction will likely impact urban development significantly. Higher demand for housing in low-density areas, multifamily rentals, and evolving consumer preferences will probably shake up the…»

Nearly 2.1 million square feet of office space sold across Greater Phoenix in December, according to CommercialEdge. The value was 139.7 percent higher month-over-month and 50.4 percent higher year-over-year, as nearly 1.4 million square feet had changed…»

2021 was an exciting year in the multifamily financing market, and for Berkadia mortgage banking — we originated over $40 billion in volume for our clients across our various lender programs, an increase of 50 percent over our 2020 volumes. Every lender in…»

Construction is underway on the first phase of West 202 Logistics, a 3.4 million-square-foot industrial project off West Roosevelt Street in Phoenix being developed by CapRock Partners. The first phase of the large industrial development totals roughly…»