Commercial Real Estate & Business News – August 1, 2023

Progress can make a big difference in investors and developers’ mindsets even if it’s not back to what had occurred at a peak. Though apartment demand in the second quarter of this year in the U.S. didn’t compensate fully for the net move-outs of last year, some…»

Construction will start next month in Goodyear on one of Arizona’s biggest affordable apartment projects, which will bring much-needed homes with below-market rents to the West Valley. Rent for developer Dominium’s 657 apartments for people older than 55 and families will…»

Mountainside Fitness plans to open its biggest Arizona fitness center to date. The Scottsdale-based health club just signed a 50,320-square-foot lease to take over a former Albertson’s grocery store at Scottsdale Towne Center, built by Vestar at the southeast corner of the Pima…»

PHOENIX — Tempe is slated to begin a streetscape makeover early next year in an effort to improve sidewalks and increase shade from trees on Mill Avenue.Construction for the Mill Avenue Streetscape will take place between University Drive and Rio Salado…»

​The Fairmont Scottsdale Princess is looking to jump in on a trend – and perhaps add a few jewels to its resort crown. It wants to add villas and bungalows to its sprawling campus near Scottsdale Road and Princess Boulevard. According to the city, the 750-room resort submitted a…»