Commercial Real Estate & Business News – November 4, 2022
Tempe Parking Lot to be Turned Into 129 Apartments With Affordable Rent An apartment project the developer hopes will become a model for urban, attainably priced housing around the country will begin construction in Tempe soon and will include redeveloping an office parking lot into a 129-unit apartment complex. The project, called…» Phoenix Metro Falls to […]
Commercial Real Estate & Business News – November 3, 2022
Report: Third of CMBS Showed Negative Leverage in Q3 A new report from Moody’s Analytics CRE signals an ominous inflection point for commercial real estate: nearly a third of new CMBS issuance was afflicted with negative leverage in the third quarter as interest rates surged. According to Moody’s, about…» Phoenix Industrial Market Posting Robust Demand, […]
Commercial Real Estate & Business News – November 2, 2022
Orion Investment Arranges $24M Sale of Montana on Butler Apartment Community in Phoenix PHOENIX — Orion Investment Real Estate has brokered the sale of Montana on Butler, a multifamily property located on Butler Drive in Phoenix. Artisan Prime, a joint venture between Beverly Hills, Calif.-based Artisan Capital and Newport Beach, Calif.-based…» 100,000-Home Teravalis Breaks Ground […]
Commercial Real Estate & Business News – November 1, 2022
Phoenix is One of The Top Metros in US for Delivered Industrial Space, Report Shows Between 2010 and 2021, the Phoenix metro brought online more than 76 million new square feet of industrial, according to a report from 42 Floors. That places the Valley at No. 6 on the list of the top metros in […]
Commercial Real Estate & Business News – October 31, 2022
HAPPY HALLOWEEN! Phoenix Industrial Facility Sells for High Price as Investment Deals Decrease in Valley A large industrial park with five buildings recently traded hands for $93.5 million, or $209.46 per square foot, near the Phoenix Sky Harbor International Airport. San Diego-based Westcore Properties purchased the 446,387-square-foot facility from…» Mark-Taylor Residential to Manage Phoenix Micro-Unit […]
Commercial Real Estate & Business News – October 28, 2022
U.S. GDP Accelerated at 2.6% Pace in Q3, Better Than Expected as Growth Turns Positive The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday. GDP, a sum of all the goods and services produced from […]