Commercial Real Estate & Business News – September 30, 2022
Massive Industrial Projects Move Forward in West Valley City Employment Corridors Several massive industrial projects along key transportation corridors have moved forward in two West Valley cities. New-York based Clarion Partners is building a 2.36 million-square-foot industrial park called Northern Parkway Commerce Center across 135 acres at the southwest corner of…» Wood Partners Breaks Ground […]
Commercial Real Estate & Business News – September 29, 2022
Mortgage Delinquency Rate Nears Historic Low The overall mortgage delinquency rate declined to 2.79% in August from 3.6% in July, according to a report by Black Knight. The delinquency rate is just 4 basis points above the historic low of 2.75% in May 2022. August saw 20,300 foreclosure starts..» Fannie Mae Projects Modest Recession in […]
Commercial Real Estate & Business News – September 28, 2022
KKR Completes Sale of Four-Property Multifamily Portfolio in Greater Phoenix Private equity giant KKR & Co. sold a multifamily property in Tempe near Phoenix to an investor based in Arizona for $68.5 million, or just under $252,000 per unit. The price paid by the private investor based in Paradise Valley to buy Ponderosa Ranch was […]
Commercial Real Estate & Business News – September 27, 2022
Phoenix Ranks As No. 6 Most Desirable City in America Although Americans seem to love Phoenix, they either love or hate the Grand Canyon State. Arizona was voted the seventh-most desirable state AND the ninth-least desirable state, according to research from Home Bay. But people love Phoenix. Home Bay surveyed 1,000 Americans across the U.S. […]
Commercial Real Estate & Business News – September 26, 2022
Investors Are Still Flocking To Single-Tenant Net Lease Investors flocked to the single-tenant net lease space en masse in the third quarter, with the sector registering record deal flow despite mounting economic headwinds.Sales activity for net-leased retail rose between 24% to 27% across…» Multifamily Rent Growth Went Over the Top And Now Is Sliding Down […]
Commercial Real Estate & Business News – September 23, 2022
JW Marriott Phoenix Desert Ridge Resort & Spa Unveils $80M Renovation JW Marriott Phoenix Desert Ridge Resort & Spa announced an $80 million transformation as it celebrates its 20th anniversary this year. Showcasing a fresh, modern design inspired by the surrounding destination, the expansive property, set across 316 acres of sweeping…» Virginia Real Estate Firm […]