Commercial Real Estate & Business News – October 4, 2023

Office prices in the U.S. are headed for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of survey respondents believe the U.S. office market will only rebound…»

Ridgehouse Cos. is in the early stages of planning an apartment building just south of Chase Field in downtown Phoenix. This proposed project would add to nearly a dozen projects in the construction pipeline totaling more than 3,200 units within a 1-mile radius of Chase Field, according to Peter O’Neil, research…»

ViaWest Group, a leading Phoenix-based developer, and Willmeng Construction, a renowned construction company, celebrated the official start of construction for The Base, Phase I in Glendale. This groundbreaking ceremony marks the beginning of the development of a state-of-the-art…»

A new planned community could be coming to the southwest Valley. Scottsdale-based Harvard Investments, a real estate investment and development company, announced this month it acquired the 1,864-acre King Ranch in Goodyear for $22 million. The land was purchased from Dallas-based…»

Residents have started to move into the Acoya Shea community in Scottsdale. The 147-unit luxury senior community, which comes with amenities like an on-site salon, an outdoor courtyard with a swimming pool, multiple restaurants, a game room and much more, is located near the prominent corner of Scottsdale…»