Commercial Real Estate & Business News – April 7, 2022

A rare, 4-building industrial flex portfolio in the Scottsdale Airpark traded hands for $14,000,000 in an all-cash transaction. The closing signifies the largest multi-tenant industrial sale since September 2017 in the Scottsdale Airpark. ORION Investment Real Estate marketed…»
Dallas-based Stillwater Capital Investments is making its Phoenix debut with plans to demolish a vacant retail structure in Mesa to pave the way for a $110 million apartment community. The 373-unit project will take the place of retail space at…»
The Phoenix metro has become one of the leading markets for data center demand, construction and jobs as the sector continues to grow and break records. Absorption, which is the amount of space filled minus what became vacant, reached…»
With both inflation and interest rates rising, following the first Federal Reserve rate hike in three years, many multifamily investors are fearful about the impact these duel forces will have on apartment cap rates, which have trended downward over the last twenty years…»
In a world of growing uncertainty, there’s one thing that seems dependable, at least in commercial real estate: the need for housing keeps rising. First quarter data from RealPage shows historically unprecedented demand, occupancy, and rents in the…»