Commercial Real Estate & Business News – August 9, 2022
Phoenix High-Rise Trades for $94 Million as Investors Renew Interest in Downtown Apartments A Colorado multifamily investment firm paid $93.5 million to buy the tallest apartment tower in downtown Phoenix, a once-sleepy district that has come back into vogue for renters over the last decade. Grand Peaks Properties, based in…» Mesa Mobile Home Community Sells […]
Uncertainty – The Only Certainty
When canvassing the commercial real estate market in Phoenix, there are so many positive indicators that it is hard to imagine a slowdown. Every time you read the news or look at the business journal, there is a new company calling Arizona home and specifically here in the Valley. GPEC and ACA are doing a […]
Commercial Real Estate & Business News – August 8, 2022
Phoenix Eyes Future Intersection for Commercial Development, Revitalization of Rio Salado The city of Phoenix is eyeing a future freeway interchange for commercial development near the Loop 202 as part of its efforts to help revitalize dozens of miles along the Salt and Gila rivers. The 85-acre property is located near the southeast corner of…» […]
Commercial Real Estate & Business News – August 5, 2022
Arizona Ranks No. 3 Among States Gaining Most High-Earning Families Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more…» Inside the Deceleration of Apartment Rents From […]
Commercial Real Estate & Business News – August 4, 2022
Thousands of Apartments, Rentals on Tap for Laveen as Residents Demand Sustainable Growth The Laveen community in southwest Phoenix has seen thousands of residential rooftops under construction for years, with houses replacing farms in the once agricultural area of the city. But as the area has…» Decron Pays $91 Million To Buy Ninth Greater Phoenix […]
Commercial Real Estate & Business News – August 3, 2022
Surging for So Long, Industrial Sector Growth Now Starting to Level Indications that the high-performing industrial market has hit a plateau are growing, according to a report by Newmark. Factors include economic and geopolitical headwinds that have “incited a significant slow-down” in economic growth and uncertainties around…» Hatcher Industrial Park Breaks Ground Along Loop 303 […]