Commercial Real Estate & Business News – June 29, 2022

Here are Five Emerging Industrial Markets to Watch

Phoenix tops the list of emerging industrial real estate markets to watch, followed by Nashville, Columbus, Salt Lake City and Savannah. An analysis by Cushman & Wakefield evaluating key performance indicators like…»

Homebuilders Unveil New Valley Communities, Despite Soft Spring Sales

 

Despite a soft spring, several homebuilders are moving ahead with plans to open their communities throughout the Valley this summer. “The Phoenix area housing market has stalled in recent months as a result of eroding affordability from…»

2-Million-Square-Foot Gateway Grand Breaks Ground in Mesa

Today, Greystar, an international development and management company, broke ground on Gateway Grand, a more than two-million-square-foot, three-building industrial park at the northeast corner of Sossaman and Pecos Roads in Mesa, Arizona.“ Mesa is…»

Arizona Student Housing Complex Trades As Part of KKR’s Reported $725 Million Portfolio Sale

In the first property transfer from an expected student housing portfolio sale, global investment giant KKR and partners have sold a 600-bed property in Tempe, Arizona, to Harrison Street Capital for $108.5 million, CoStar data shows…»

Board OKs First Phase of Massive Gentry Complex

Part of the massive 1,864-unit Gentry on the Green apartment complex has taken a step toward becoming reality.The Scottsdale Development Review Board on June 16 voted 5-1 to approve the site plan for the…»