Commercial Real Estate & Business News – April 27, 2022

Liv Communities, a Michigan-based developer of numerous amenity-rich multifamily and senior living projects in the Valley, and The Rockefeller Group, a U.S. real estate developer, owner and operator, recently broke ground on a…»
Phoenix’s retail real estate market is performing at a very high level right now — there are more shoppers and diners out, occupancy rates are low and rents are up — but that doesn’t mean there aren’t problems. According to a recent report by…»
In a recent StorageCafe study, cities across the U.S. were ranked by how much they had attracted new renters in 2021, as a proportion of their populations. Arizona made a strong showing, with Tempe in the top 10 and Scottsdale in the top 20…»
Apartment demand will rise at a more moderate pace through 2035 as the possibility of a “major recession” looms long-term, a soon-to-be-released study by the National Multifamily Housing Council reveals. The analysis, presented at the…»
A private investor paid $26 million for the Sonoma Village apartments near Mesa, Arizona, its fourth purchase in the in-demand greater Phoenix multifamily housing market. Rise Invest bought the…»