Commercial Real Estate & Business News – October 18, 2022
$1 Billion West Valley Resort Featuring ‘Party Island’ to Open in 2023 VAI Global Development, a newly formed entity that’s behind the planned $1 billion resort and lagoon entertainment complex in the Phoenix metro, has unveiled new details about the project that’s now set to open in late 2023. The 60-acre Glendale resort will include […]
Commercial Real Estate & Business News – October 12, 2022
US West Stands Out With Nation’s Strongest Commercial Property Price Growth While commercial property prices climbed in almost all parts of the country in the second quarter, the West secured its place as the region with the strongest price growth, CoStar data shows. The West’s lead in price growth across commercial property types widened over […]
Commercial Real Estate & Business News – October 11, 2022
5 Metro Phoenix Hot Spots For Real Estate Development Short- and longer-term data is showing that rent growth in the suburbs has been outpacing that of urban markets since the pandemic – and even the year before that, according to Apartment List. Across 39 large and medium-sized metropolitan areas, Apartment List found that since…» Scannell […]
Commercial Real Estate & Business News – October 7, 2022
US Apartment Sales Outpace Last Year Despite Higher Interest Rates U.S. apartment sales during the past nine months have outpaced last year but some analysts say it could fall short in the fourth quarter of reaching 2021’s record level. Apartment sales volume totaled $174.4 billion through the end of September, led by a record second […]
Commercial Real Estate & Business News – October 6, 2022
Markets Grow Volatile As Fed Pushes Forward on Hikes It might be fair to say that financial markets ended the third quarter with a high degree of pessimism about the future. The S&P 500 lost 9.3% during the month of September, accelerating losses seen in August, and the index at the end of the quarter […]
Commercial Real Estate & Business News – October 5, 2022
Why Is Apartment Demand Breaking Records in Phoenix? Take a Look at This Sale. A $238 million sale of a pair of apartment complexes in Phoenix’s Gilbert suburb shows why the area is on a record-breaking multifamily sales run over the past year. Ezralow Co., based in Calabasas, California, bought the Azul at Spectrum and […]