Commercial Real Estate & Business News – September 20, 2023

Here’s How Arizona Bioscience Construction Boom Impacts Region

In recent years, Arizona has seen rapid growth in its population, its bioscience sector, and its healthcare infrastructure. The momentum is continuing to build — especially when it comes to Arizona bioscience construction and building. Like the sciences they support — these structures are the result of studies…»

There is $436B of Multifamily Debt That is Potentially Troubled

The repercussions of the Fed’s early efforts to stave off the economic disaster caused by Covid through measures to stimulate the economy like zero interest rates and buying up mortgage-backed securities are about to ripple through the multifamily sector, according to…»

FrameTec Now Owns 30-Acre Site in Casa Grande, Arizona

FrameTec has completed its purchase of a 30-acre site in Casa Grande, Arizona, for $6.1 million. FrameTec is a residential construction company focused on creating sustainable housing solutions and fostering local job growth. The site, located on the northeast corner of Thornton Road and Ash Avenue, will be…»

Vestar & ASU launch ‘Cool Pavement Project’

The partnership comes on the heels of this summer’s record-breaking heat and aims to help mitigate elevated temperatures in communities dense with impervious and solar-absorbing materials- known as the ‘Urban Heat Island Effect’. As steward of the communities it serves, Vestar is invested…»

Phoenix Global Forum to bring International Recognition in 2024

Phoenix will further expand its international presence by hosting an inaugural global forum in 2024. Nonprofit Phoenix Sister Cities and Canada-based International Economic Forum of the Americas (IEFA) have partnered to debut the annual conference, dubbed Phoenix Global Forum: Forging the Future…»