| Here Are the Projects Driving the Boom in Downtown Phoenix Development When Hines began looking into developing its first multifamily project in Arizona, there were several attractive markets to choose from. Luxury apartment projects like the one Hines wanted to deliver to the Valley were hot commodities across the Valley, from Tempe to Scottsdale to the Camelback Corridor…» |
| 92% of Arizona Rent Relief Hasn’t Gone to Renters Fewer than 400 Arizona renters have received money from an emergency state program designed to help people hurt economically by COVID-19 to stay in their homes, Arizona Department of Housing data shows. That leaves 92% of the funding, or more than $4.6 million, sitting unused while a record…» |
| NAIOP: Uncertainty Driving Arizona Real Estate Market Pessimism Like most industries, the novel coronavirus has left the nation’s commercial real estate leaders with high levels of uncertainty. The twice-yearly sentiment index conducted by NAIOP, which was done near the beginning of the March closures due to the Covid-19 pandemic, showed real estate professionals…» |
| Greenlight Communities Invests $325M in Attainable Housing Projects Current health, job and economic upheavals are not creating, but are certainly magnifying the ongoing need for affordable housing throughout the Valley. Phoenix residents, including first responders, teachers and nurses, along with so many middle-income renters, need newly-built housing…» |
| Retail Industry Braces for Hundreds of Millions of Vacant Square Feet The retail fallout in a post-pandemic world is sweeping across every U.S. market and is expected to leave hundreds of millions of square feet vacant while driving rents and valuations lower. By categorizing retailers based on their S&P credit ratings, CoStar managing director and senior…» |