Commercial Real Estate & Business News – April 28, 2021

A massive new industrial project is set for development on a key 101-acre parcel fronting the 202 Freeway near Phoenix-Mesa Gateway Airport. LaPour Partners is teaming with Scottsdale Investment Management (“SIM”) to build 1.5 million square feet of new industrial…»
The COVID-19 pandemic threw a wrench into many industries, but the Arizona commercial real estate industry does not seem to be one of them, with new projects breaking ground almost daily in Metro Phoenix. Here are six Metro Phoenix construction projects to…»
Sumitomo Corporation of Americas plans to submit the former Collier Center, an office high-rise in downtown Phoenix, to a sweeping renovation, after which the company will reintroduce the approximately 600,000-square-foot building as 201 E. Washington. Sumitomo will…»
Greater Phoenix’s office development activity kept going at a slow and steady pace in March, with few square feet added to the pipeline when compared to February. According to CommercialEdge information, there were 17 office projects totaling nearly 2.5 million…»
NexMetro Communities, a Valley developer of luxury leased-home neighborhoods, is bringing its innovative approach to single-family rental homes with a new community in Mesa. Avilla Enclave, a 96-home neighborhood in Mesa, is one of six new communities it…»