Commercial Real Estate & Business News – July 25, 2022

El Mirage is looking to expand opportunities and attract more businesses to a massive logistics park in the West Valley known as LogistiCenter at Copperwing, which is being developed by Nevada-based Dermody Properties. In July, the city gave its support to…»

Rapid household shifts that resulted from the COVID-19 pandemic have led to dramatic effects on housing affordability, including 2.5 million households disappearing and then reappearing in that time. That was one of five primary trends according to…»

The rapid rise in interest rates is pushing the nation’s largest homebuilder to scale back house sales projections and focus on its growing rental business.D.R. Horton has lowered the number, and value, of for-sale houses it expects to close on for its fiscal year that…»

Affordability in the Arizona housing market is collapsing expeditiously due to an overall lack of inventory, rapidly increasing prices and rising interest rates, according to a new report. Economists at the Common Sense Institute Arizona (CSI), a…»

Kitchell Development recently commenced construction on Elliot 94, a Class A industrial distribution complex located at the northwest corner of 94th Street and Elliot in Mesa, Ariz. Elliot 94 will be a 214,548-square-foot encompassing two buildings with…»