Commercial Real Estate & Business News – February 25, 2022
Landing 3 Industrial Development in Mesa Sells for $130M Cushman & Wakefield has advised the joint venture of Martens Development, a Scottsdale, AZ-based real estate firm, and Dune Real Estate Partners, a New York City-based real estate investment firm, in the disposition sale of Landing 3, a brand new…» Guy Fieri to Open Phoenix Eatery, […]
Commercial Real Estate & Business News – February 24, 2022
Development Coming to Phoenix’s South Mountain Technology Corridor A developer plans to turn 240 acres of farm land into industrial buildings in southwest Phoenix, part of an employment center the city markets as the South Mountain Technology Corridor (SMTC). Three years ago, a 22-mile stretch of the…» Multifamily Investor Pays $73 Million for Rental Townhouse […]
Commercial Real Estate & Business News – February 23, 2022
Twin Office Towers Planned for Downtown Phoenix Bioscience Campus Just as construction has begun on the Wexford Innovation Labs in downtown Phoenix, an even bigger project is in the works on the fast-growing Phoenix Biomedical Campus. The Wexford Innovation Labs will occupy 34,500 square feet of space within the…» Here’s How Experts See the Commercial […]
Commercial Real Estate & Business News – February 22, 2022
Happy “TWO”sday! Will the Valley’s Housing Market Crash This Year? Experts Weigh In Despite rising prices and mortgage rates, the Valley’s red-hot housing market won’t be crashing in 2022, panelists from the Phoenix Business Journal’s recent residential real estate panel said. Job growth in metro Phoenix is one factor that will keep…» How Trends Shaping […]
Commercial Real Estate & Business News – February 18, 2022
Commercial, Multifamily Lending Hits Yearly Record With $1 Trillion in Sight Commercial and multifamily mortgage loan originations hit a record high last year at $900 billion and may not be done climbing, according to the Mortgage Bankers Association’s quarterly survey released this week. Even while the capital markets are widely anticipating…» Freddie Mac, Fannie Mae […]
Commercial Real Estate & Business News – February 17, 2022
Commercial and Multifamily Lending to Hit Record Highs in 2022 The Mortgage Bankers Association (MBA) released its 2022 forecast for commercial multifamily mortgage borrowing and lending at the annual Commercial/Multifamily Finance Convention & Expo this week in San Diego. It is predicting mortgage borrowing and lending to…» Here’s how GPEC has Helped Metro Phoenix Economy […]