Commercial Real Estate & Business News – June 14, 2023

As office-to-residential conversions become increasingly common, there are unique challenges to consider, tax codes that impact construction and an emerging policy discussion around the trend. Panelists speaking on the final day of the National Apartment…»

Phoenix-based Kentwood Ventures is building a new speculative industrial building in Pinal County, an area that has been attracting more industrial developers in recent months. The new facility, called KV Casa Grande, will total 314,453 square feet in a single building…»

Another big mixed-use project is headed for fast-developing North Scottsdale.Though not as massive as some of the housing developments that have turned desert landscapes into upscale homes, the Grand Peaks project is anchored by a five-story, 280-unit…»

The growing supply of U.S. apartments may be hurting rent growth, especially in markets such as the Sun Belt, and some major owners are noticing particular pockets of strength and weakness across the country. For MAA, one of the largest owners with a portfolio concentrated in…»

In the past several days, Chris Camacho, the CEO of the Greater Phoenix Economic Council, said his organization has fielded about 200 messages from stakeholders who have raised questions and concerns over Arizona’s future. The texts, calls and emails poured in from…»