Commercial Real Estate & Business News – July 8, 2022
Three Arizona Cities Top the Nation for Number of Luxury Apartments Being Built With some Valley cities gaining almost exclusively high-end apartments during the past decade, Arizona is leading the nation for luxury apartment living, according to a new report. StorageCafe, a subsidiary of Santa Barbara, California-based…» Scottsdale’s Affordable Housing Situation is Worst in Metro […]
Commercial Real Estate & Business News – July 7, 2022
Phoenix Industrial Rent Growth Accelerates Through Second Quarter Phoenix industrial rents grew by nearly 15% annually in the second quarter, an all-time high and one of the best performances in the country. Although rent gains continue to accelerate, the pace has moderated following 2021’s record surge…» Casa Grande Moves Forward With Lucid Group Development Agreement […]
Commercial Real Estate & Business News – July 6, 2022
Office Landmark in Phoenix’s Camelback Corridor Slated for $52 Million Renovation A local developer known for modernizing outdated offices across greater Phoenix plans to upgrade a Camelback Corrider building with its brand of collaborative flex space that includes yoga and other high-end employee perks. George Oliver Cos. bought the…» Metro Phoenix Has 2 of 5 […]
Commercial Real Estate & Business News – July 1, 2022
Big Plans for Gilbert Field: A Development Where People Can Llinger Longer’ A plan for a 40-acre vacant field near Mercy Gilbert Medical Center aims to “create something different, unique and special,” a representative for the developer said. Indiana-based Thompson Thrift, which has several other projects around the Phoenix area, is…» Anxiety, Optimism Collide in […]
Commercial Real Estate & Business News – June 30, 2022
Washington Developer to Build 3,500 Valley Apartment Units — To The Tune of $1B IDM Cos. has $1 billion in apartment construction plans on its drawing board. The Vancouver, Washington-based developer now has 3,500 apartment units under construction and in the development pipeline across…» High Street Sells for $172 Million Rood Investments acquired the […]
Commercial Real Estate & Business News – June 29, 2022
Here are Five Emerging Industrial Markets to Watch Phoenix tops the list of emerging industrial real estate markets to watch, followed by Nashville, Columbus, Salt Lake City and Savannah. An analysis by Cushman & Wakefield evaluating key performance indicators like…» Homebuilders Unveil New Valley Communities, Despite Soft Spring Sales Despite a soft spring, several […]