Commercial Real Estate & Business News – July 26, 2022

A California developer started construction of a dual-flagged Marriott International property in the Phoenix suburb of Tempe. EKN Development expects to finish the 148-room Fairfield Inn and TownePlace Suites at Tempe Market Station at…»

Blackstone expects demand to continue to outpace supply and support rent growth in the two asset classes that make up the lion’s share of Blackstone’s $320 billion real estate portfolio—rental housing and industrial…»

Mesa West Capital has provided KB Investment and Development Company with $108 million in first mortgage debt for its acquisition a 328-unit Skywater at Town Lake multifamily property in Tempe. The sale price was $160 million, according to…»

A partnership between Nicola Wealth Real Estate and ViaWest Group has acquired a shovel ready, 20.78-acre industrial development site in the Mesa Gateway submarket of Phoenix, AZ and a 12.45-acre development site in the…»

A nine-building industrial facility has sold for $208 million in Mesa, one of the largest industrial acquisitions recorded in the Valley this year. The Landing comprises a total of 858,901 square feet on about 64 acres along…»