Commercial Real Estate & Business News – August 23, 2022

CaliberCos. Inc. is looking to bring new commercial development along the Loop 101 near Scottsdale and the Salt River Pima-Maricopa Indian Community. The Scottsdale developer is nearing closing on a land lease that would allow it to be the master developer of…»

By the end of 2022, there is expected to be no less than 420,000 new apartments built nationwide, according to RentCafe’s Yearly Report using data from Yardi Matrix. This is the first time apartment deliveries have exceeded 400,000 units since 1972. The news is…»

Sales of commercial real estate assets are likely to continue at a robust clip, despite decreasing valuations, led by the multifamily, industrial, and retail sectors. That’s according to the latest Q2 research from Crexi, which shows that the average…»

It also explains why the industry is in the early stages of its latest development cycle. Six years ago, the sector found itself in the midst of the largest development cycle in its history. Development slowed in 2018 and 2019 as the industry endeavored to absorb the…»

The Silicon Desert could become a post-Silicon Valley entrepreneurship hub the world has never seen before according to university officials and business experts. Greater Phoenix already offers advantages for startups over other tech hubs. How so?…»