Commercial Real Estate & Business News – November 21, 2023

HonorHealth, a leading Valley healthcare system serving more than five million people in the greater Phoenix area, broke ground today on their latest healthcare facility, HonorHealth Medical Campus at Peoria. The new HonorHealth Medical Campus at Peoria will be a one-stop-shop for a variety…»

The West Valley was once known for landing one-off industrial deals and distribution centers, but it has evolved into a hot spot for a diverse set of warehouses and employers across metro Phoenix. In the past 23 years, the West Valley experienced a 166% increase in industrial…»

The corner of Van Buren Street and Fairway Drive in Avondale is going to get a lot busier soon. Driving the news: Nothing is happening at the intersection yet, but developers have submitted plans for a pair of luxury apartment complexes. Fairway Residences will have 286 units on a…»

Until recently, most branded residences were part of hotels, with the synergies between hotel brands and residences improving the overall experience for both guests and residents, while profits from the residential portion of the project enhanced returns for hotel owners. Lately, according to…»

More people are applying for mortgages as rates start to decrease, thanks to signs inflation is cooling off. Halloween is done, scary season is ending, and the horrors of the housing market are getting more gentle — if only a little bit. Mortgage rates are coming down slightly after a dramatic…»