Commercial Real Estate & Business News – June 24, 2024
Construction Begins On 1.2 million SF Mack Innovation Park Scottsdale Mack Real Estate Group (MREG) announced that the initial phase of Mack Innovation Park Scottsdale is fully financed and breaking ground imminently. Affiliates of MREG have secured approximately $63 million of debt financing for construction of the two-building, 305,400 first phase…» Construction Starts on Business Park […]
Commercial Real Estate & Business News – June 21, 2024
Why Experts Say Phoenix Industrial Market Shows Promising Outlook Thompson Thrift a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, shared insights on the current state of the Phoenix industrial market and why they feel notable plans for near-term investment demonstrate a promising…» Laveen Luxury Apartment […]
Commercial Real Estate & Business News – June 20, 2024
Multifamily Investment Market Shows Improvement Conditions in the multifamily investment market have improved, driven by a steep contraction in property prices and growth in net operating income (NOI) that together offset the effect of higher mortgage rates. The effect was to boost Freddie Mac’s Multifamily Apartment…» CaliberCos brings rebooted Mercado mixed-use project to Scottsdale for […]
Commercial Real Estate & Business News – June 19, 2024
Construction Begins on Shorehaven, 1st Phase of $1.8 Billion South Pier Project Construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master planned development on the southern shore of Tempe Town Lake, one of Arizona’s top tourist destinations. Located at 1306 East Vista Del Lago Dr, […]
Commercial Real Estate & Business News – June 18, 2024
Economic Commentary: Consumer Spending Drives Retail Price Cuts While many eyes have been on the (perhaps unsurprising) news that the Federal Open Market Committee opted to keep its current interest rate as is, other economic indicators have been pointing to a “slow start to the beginning of the second quarter,” said John Beuerlein, Chief Economist of…» […]
Commercial Real Estate & Business News – June 17, 2024
4 Valley cities rank among 50 safest and most affordable U.S. cities Gilbert ranks as the third best city to live in for safety and affordability in the U.S., according to a new study that looked at the safest and most affordable U.S. cities. Surprise ranked No. 25 on the list, Chandler was No. 34 […]