Commercial Real Estate & Business News – November 4, 2022

An apartment project the developer hopes will become a model for urban, attainably priced housing around the country will begin construction in Tempe soon and will include redeveloping an office parking lot into a 129-unit apartment complex. The project, called…»

Phoenix topped the nation as one of the hottest markets to watch in real estate for 2023, according to a newly released report by the Urban Land Institute and PwC. The Phoenix metro ranked ninth in the nation and is considered a…»

Phoenix Convention Center is mulling over the idea of a big expansion of its south building, a new hotel and the creation of a new entertainment district to better compete with other markets across the U.S. and draw in more visitors downtown…»

Two out-of-state multifamily development firms that specialize in building projects in federally designated “opportunity zones” are planning a $200 million apartment complex near Phoenix’s Sky Harbor International Airport. Los Angeles-based…»

During the state of the market panel at the recent GlobeSt. net lease national fall event, panelists agreed that we are in a period of price discovery. “We are bullish on retail but we have a pricing disconnect we have to work through,” explained panelist…»