Commercial Real Estate & Business News – April 15, 2022

PHOENIX – A new Central Station is breaking ground in downtown Phoenix, and it’s set to provide a transportation hub with apartments, restaurants, offices and retail space along Central Avenue and Van Buren Street. The city of Phoenix will…»
Banner Health — the state’s largest health system and among the largest in the nation — is about to get even bigger. The nonprofit health system is in preliminary plans to buy land for a new hospital in north Scottsdale. The Phoenix-based health system is…»
Mattamy Homes closed on an another parcel of vacant land in the southeast Valley as part of its long-range plan to build more than 1,000 homes in the area. The Canadian homebuilder paid $23.45 million to Montage Acquisitions for an…»
Over the past year, my firm and others have committed hundreds of billions of dollars to acquire office properties across the country. In years and decades past, these deals would have hardly raised an eyebrow—the office sector has been a stalwart of the…»
While this cleansing process is taking place, retail is returning for private lenders to solve a much-needed problem — financing the unfinanceable. Never does one enter into an investing environment after everyone has populated it. The opportunity presents…»