Commercial Real Estate & Business News – March 22, 2023
PACs Go Head-to-Head Before Tempe Special Election for $2B Coyotes Arena With a special election looming to create an Arizona Coyotes arena and entertainment district in Tempe, a grassroots group is amping up its opposition to a more than $2 billion development deal with the NHL team’s owner. In an at-times…» Hotel, Housing Planned for […]
Commercial Real Estate & Business News – March 21, 2023
Banner Health Plans to Build $400M Banner Scottsdale Medical Center Banner Health is finalizing the purchase of +/- 48 acres of land on the southwest corner of Hayden Rd. and the Loop 101 freeway to build Banner Scottsdale Medical Center, a new, comprehensive medical center and support services in the…» Up to 4K Apartments Could […]
Commercial Real Estate & Business News – March 20, 2023
Multifamily Plays the Rent Growth Waiting Game The pandemic set off an unusual time in multifamily. The sector became part of the short game. Rents drove upward, responding to increased prices, and things moved very fast. But with the shifts of the market, it’s time for the long game…» Sun Belt Metros Lead Multifamily Construction […]
Commercial Real Estate & Business News – March 11, 2023
$85M Life-Style Rental Community Coming to Mesa Talos Holdings started work on a “new” multifamily luxury rental community in East Mesa. The developer says the individualized living experience, The ONE at Mountain Vista (The ONE) will offer residents a unique alternative to…» Brookfield-Backed Fundamental Income Prepares First Bond Offering Fundamental Income Properties, an investment firm […]
Commercial Real Estate & Business News – March 10, 2023
Four Areas Lead the Way in Phoenix Region’s Apartment Building Boom The Phoenix region is fresh from an unprecedented apartment building boom that peaked in the last quarter of 2022, and recent statistics suggest that the wave of new supply has outrun demand, an imbalance that could become…» Ironwood at Happy Valley Sells for $90.3M […]
Commercial Real Estate & Business News – March 9, 2023
Multifamily Keeps Benefiting From Hurting Housing Supply In the 2022 US housing report from the National Association of Realtors and Move.com, which operates Realtor.com for the NAR, the big news is more of the same. The market is now, by their count, 6.5 million new single-family homes short of…» Valley Investment Group Buys North Scottsdale […]