Commercial Real Estate & Business News – January 25, 2024

GTIS Partners and Clyde Capital plan to develop 90 acres outside Phoenix into a mixed-use property with hundreds of built-to-rent units as supply issues in both the rental and for-sale housing markets create pricing problems for the metropolitan area. The developers believe…»

Corrections and clarifications: A previous version of this story inaccurately stated who approves use permits. It is the zoning administrator. The Phoenix City Council approved a policy change to reduce the number of parking spaces required at apartment complexes, four months after…»

Median three-bedroom rents in the United States are more affordable than owning a similarly sized home in nearly 90% of local markets around the nation, according to ATTOM’s 2024 Rental Affordability Report. While both renting and owning a three-bedroom home continues to pose significant…»

The James Beard Foundation has announced the semifinalists for its 2024 Restaurant and Chef awards, one of the nation’s most distinguished culinary honors — and just over a dozen of them are Arizonans. Arizona’s honorees appear in seven of the 22 categories for this year’s awards, which…»

A “world-class surf experience” that has been in the works in Maricopa since 2021 is looking at a significant downsizing and an indeterminate opening date. PHX Surf was supposed to have sandy beaches; a hotel; play pools; and food, beverage, retail and outdoor recreational elements…»