Commercial Real Estate & Business News – March 8, 2022
Biggest Apartment Community in Phoenix Trades Hands in $255M Deal CIM Group and Tides Equities have partnered to purchase Del Mar Terrace for $255 million. The 1,012-unit property is the largest market-rate asset in Phoenix. Based on the price tag, this was the second largest multifamily transaction in Phoenix history…» WINDS OF CHANGE About 25 […]
Commercial Real Estate & Business News – March 4, 2022
Office Investment Demand Improving as Clarity Emerges The investment outlook for the office asset class is improving, despite the current lackluster level of leasing. The release of pent-up buyer demand paired with the shift in risk preferences lifted the average office sale price by over 6 percent in…» Amazon to Close Valley Stores Amid Nationwide […]
Commercial Real Estate & Business News – March 3, 2022
California Homebuilder Pays $21.3M for Land in West Valley Irvine, California-based The New Home Company Inc. paid $21.33 million for land in Surprise, positioning itself for new growth in the area spurred by a massive semiconductor plant being built in north Phoenix. Plans call for building 667 homes north of…» Headwinds Emerge for Superheated Home […]
Commercial Real Estate & Business News – March 2, 2022
Rent Prices Keep Rising—Here Are The 25 Most Expensive U.S. Cities to Rent a 1-Bedroom Apartment Rent prices continue to rise, as increasing housing costs have driven up rent prices all winter — a season in which home and rent prices are typically at their cheapest. As of Feb. 1, one-bedroom and two-bedroom median rents […]
Commercial Real Estate & Business News – March 1, 2022
Liv Communities Buys Avondale Land to Develop Apartments Near Cardinals’ Stadium Linda Fritz-Salazar and Angelessa Ritchie of ORION Investment Real Estate represented Liv Communities in the land transaction. “This site is ideally located being just a few miles south of the Arizona Cardinals stadium and Crystal Lagoons Water Park, which is…» Phoenix Office Market Shows […]
Commercial Real Estate & Business News – February 28, 2022
Kohler Co. to Build Phoenix-Area Manufacturing Facility Kitchen and bath product powerhouse Kohler Co. is getting underway with a plumbing ware manufacturing facility with warehouse and office space in Casa Grande, Ariz. The property will total about 1 million square feet, with room on…» Industrial Developer Plans New Projects in Both Hot Zones of the […]