Commercial Real Estate & Business News – December 17, 2024

Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the…»

An apartment complex near the bustling TSMC growth area in north Phoenix is cleared for development, adding hundreds new housing units to accommodate growth expected from development spurred by the semiconductor giant. The City Council gave the project final approval…»

South Carolina-based Greystar is investing more than $550 million to bring 1,400 multifamily units to metro Phoenix. On top of that, the developer has another 500 units in the predevelopment phase in the Valley, said Billy Cundiff, Greystar’s managing director for development…»

This article is the second in a three-part series featuring insights from experts at some of Phoenix’s largest apartment property management companies and their expectations for 2025…»

On Nov. 20, Vestar, the largest privately held shopping center owner and manager in the western U.S, broke ground on Verrado Marketplace. Located at the northeast corner of the I-10 Freeway and Verrado Way, Verrado Marketplace will stand at the entrance to DMB Associates’…»