Commercial Real Estate & Business News – October 20, 2023

Cranes have become a familiar sight across America’s big cities, changing the face of neighborhoods. In our latest study, we looked at thousands of zip codes and ranked the top ones that underwent major transformations – building more apartments than entire cities in just 5 years. There are several zip codes in…»

As inflationary pressures continue to mount and high interest rates persist, deal flow in the net lease space has slowed considerably, leaving inventory in flux as would-be sellers stay on the sidelines. “The transaction volume in the past year and a half has fallen off the cliff,” said Catherine Tenney…»

A plan that includes preserving and adaptively reusing Tempe’s Hayden Flour Mill, the namesake of Mill Avenue, will likely begin visible construction in 2025. The developers, Phoenix-based Venue Projects and Scottsdale-based Sunbelt Holdings, along with the city, which owns the property, will spend…»

Scottsdale-based Mountainside Fitness has signed on to build new health clubs in two of the most anticipated retail developments in the Valley. The first of the two new locations will be in the Vistancia community in Peoria — where thousands of residential units are forthcoming — at the southeast…»

Today, Phoenix Mayor Kate Gallego, joined by Arizona State University (ASU) President Michael Crow, announced that the university’s new headquarters for ASU Health, which includes a new medical school, will be built in downtown Phoenix. “At a time when the Phoenix bioscience industry is booming, and…»