Commercial Real Estate & Business News – February 26, 2024

An iconic Scottsdale resort is looking to up its game. The Fairmont Scottsdale Princess filed a request to the city of Scottsdale to update its master plan. The request, which will be considered by the Scottsdale Planning Commission on Feb. 28, seeks to amend development standards…»

A lot of attention in CRE focuses on large sales and projects, and anyone following the news has seen how transaction numbers have plummeted. That’s in year-over-year comparisons with 2022 being an unusually large baseline. But not all property transactions are hit at the same…»

Metro Phoenix’s housing market was pretty meh in January. But home prices and sales are bouncing in February. The Valley’s median home price was flat at $430,000 in January from December but is on track to climb to $440,000 in February, according to the Arizona Regional Multiple…»

Texas builder D.R. Horton Inc. (NYSE: DHI) bought 111 acres from Scottsdale-based Walton Global with plans to build 456 homes within Elena Trails in the city of Maricopa. The transaction to acquire the land was complex. First, according to Tempe-based Vizzda LLC real estate…»

Nevada has been the country’s big winner when it comes to growing jobs, according to research from RealPage and Bureau of Labor Statistics (BLS). In fact, Nevada grew its total employment base at the highest rate in the country in 2023, experiencing 3.8% growth with a net…»