Commercial Real Estate & Business News – April 20, 2023

Phoenix has emerged on top as the fastest-growing industrial market in North America, according to real estate experts. The Phoenix metro’s industrial market had a growth rate of…»

Close on the heels of its 250,000-square-foot “Building 109” groundbreaking, SkyBridge Arizona has started construction on a second 250,000-square-foot building, “Building 108.” Together, the buildings bring…»

The owner of Turf Paradise, a historic 1,400-acre horse racetrack in north Phoenix, is negotiating to sell to a developer. Vincent Francia, general manager of Turf Paradise, said the track’s owner, Jerry Simms, has signed an agreement to…»

Life insurance companies, until recently a reliable source of capital for commercial property developers, are shunning office building owners as tens of billions of dollars in office loans come due this year. The Wall Street Journal reported that…»

Blackstone through its affordable housing portfolio company, April Housing, and Dominium will develop Casa Azure, which will bring 196 new affordable housing units to Phoenix, AZ. Blackstone will provide…»