Commercial Real Estate & Business News – April 29, 2022

An Indiana real estate company is the latest developer to bet on future growth in North Phoenix, where Taiwan Semiconductor Manufacturing Corp. is building a massive semiconductor fabrication plant expected to employ thousands of workers…»
Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 million. Tamarron, which comes on the heels of Decron’s recent $107.5 million purchase of Ascent at Papago, increases…»
Commercial real estate isn’t exempt from the effects of inflation—no business is, but in this industry, it typically manifests in two places, both as a positive and a negative. The positive effect of inflation on commercial real estate tends to show up as increases in…»
Queen Creek is seeking proposals from developers to build a mixed-use project in its downtown core on about seven acres adjacent to the library and Communiversity. The property is located along…»
The national office market has yet to return to pre-pandemic levels. As more companies solidify return-to-office plans, industry executives are hopeful more recovery will occur later this year. In the first quarter of 2022, office absorption declined…»