Commercial Real Estate & Business News – April 13, 2022

Monthly retail leasing has averaged above pre-pandemic levels for 12 of the past 13 months. This strong recovery in leasing, together with limited construction of new retail space and a sharp drop in store closures, has improved the overall performance of the…»

ReNUE Properties has sold its seven-property affordable housing portfolio, making for one of the largest affordable housing transactions in Arizona’s history. The firm sold the portfolio of metro Phoenix communities to Starwood Real Estate Income Trust for…»

Rent prices in Gilbert and Chandler are way up. New data from Rent.com shows renters are paying 81% more for a studio in Gilbert compared with this time last year. The average rent for apartments in Gilbert, AZ, is between $1,827 and $2,495 in 2022. For a studio a…»

After paying $10.5 million for a shopping center in August 2020, David Malin has sold it for $21.95 million. During the 18 months that he owned The Shops at Dynamite Creek at the northwest corner of Tatum and Dynamite boulevards in Phoenix, the president of…»

CRE finance company Greystone has provided $140 million in debt to finance Maravilla Scottsdale, a senior housing project in Scottsdale, Arizona. The funds from the loan will both recapitalize the project and fund new construction…»