Commercial Real Estate & Business News – July 8, 2022

With some Valley cities gaining almost exclusively high-end apartments during the past decade, Arizona is leading the nation for luxury apartment living, according to a new report. StorageCafe, a subsidiary of Santa Barbara, California-based…»

Scottsdale’s housing shortage may be far worse than city figures suggest, with thousands fewer units coming down the chute than was estimated and the city’s workforce being priced out of the market faster than anywhere else in the Valley, according to a…»

Las Vegas-based real estate investment firm IndiCap Inc. is looking to move forward on its biggest play in the Valley so far. IndiCap and partner Salt Lake City-based Colmena Group are planning to develop a 4.1 million-square-foot mixed-use project on…»

SAN ANTONIO, July 7, 2022 /PRNewswire/ — Embrey, a San Antonio, TX-based vertically integrated real estate investment company, has closed on land in Goodyear, Arizona, the future home to the Senna at Canyon Trails multifamily community…»

Newport Beach, CA-based BKM Capital Partners, a vertically integrated institutional fund manager, acquired Mesa Ridge Business Park in Metro Phoenix for $38,350,000. The 153,000-square-foot light industrial park includes  …»