Commercial Real Estate & Business News – September 26, 2023

Buckeye is one of the fastest-growing cities in the country. Its population boomed from about 50,000 in 2010 to just over 105,000 and could grow even more to 310,000 by 2040. And once all 27 of Buckeye’s master planned communities are built, the population would be near 800,000. One of them…»

RentCafe just released the highly anticipated Market Competitivity Report, which unveils how easy — or how difficult — it was to find an apartment and how many renters compete for each vacant apartment in peak rental season in 139 U.S. markets. The report is based on 5 relevant metrics…»

The National Institutes of Health has signed a lease for approximately 35,000 square feet at the Phoenix Bioscience Core. The space is expected to house the Phoenix Epidemiology and Clinical Research branch of the NIH’s National Institute of Diabetes and Digestive and Kidney Diseases. This new lease…»

Lincoln Property Company’s Southwest division, LPC Desert West (LPC), has sold the landmark 3131 and 3133 Camelback to an entity of Presson Corporation, led by local investor Daryl Burton for $72.1 million. With a premier location at the southwest corner of 32nd Street and Camelback Road…»

Nick Miner, CCIM of ORION Investment Real Estate, reports selling a fully leased retail strip center located in Chandler, Arizona for $4,650,000.00, or $223/Sq. Ft. Chandler is the fourth largest city in Arizona and is one of the fastest growing innovation and technology centers in the nation. Chandler’s…»