Commercial Real Estate & Business News – March 29, 2022

A Scottsdale developer who has specialized in auto malls saw an opportunity to pivot during the pandemic to try to address a problem that has become more acute in Arizona. Jim Mullin, founder and CEO of American Resort Communities, has proposed…»

By most measures, cities in the U.S. West are on the rise. Census data shows population gains in areas surrounding Phoenix, Salt Lake City and Denver, with new residents drawn by lower costs of living compared to their coastal counterparts and an…»

While industrial is taking all of the attention, the self-storage market is quietly becoming one of the top performing CRE asset classes. According to the Spring 2022 Nunez Self-Storage Report, self-storage was among the most actively traded…»

Greater Phoenix added nearly 90,000 new hires over the past year, according to the latest employment reporter from the Arizona Office of Economic Opportunity. The metropolitan area unemployment rate continued to fall, dipping to 3.1 percent, down from…»

There’s a space race of sorts happening along Pecos Road in southeast Mesa, only it has nothing to do with the moon or William Shatner – though billionaires might be involved.Industrial space is the object of this development rush.The city is…»