Commercial Real Estate & Business News April 9, 2019

Developer Starts Work on Building Nearly 4,000 Homes in West Valley Brookfield Residential Arizona broke ground April 4 on its 1,130-acre master-planned community that will have 3,695 single-family homes in the West Valley. Called Alamar, the community is north of the Sierra Estrella Mountains at Avondale and Broadway boulevards in Avondale. Plans call for building 461 homes during the first…»
Industrial Sector Remains ‘Red Hot’ Despite Headwinds
Investors still see industrial properties as favorably as they did six months ago, despite global trade tensions and labor shortages. Trade talks between the U.S. and China are looming over the industrial sector. Due to these ongoing trade tensions, retailers are importing larger quantities of products than normal, in an attempt to…»
Developers Prepare for Flying Cars to Land in Commercial Projects
It may not be enough anymore to just add a rooftop deck or pool to your luxury development if you want to stay competitive. You may need to make space for a skyport where Jetsons-like flying cars can land, too. Developers in cities from Los Angeles to Miami are preparing for that future with plans for mixed-use towers that could…»
Balfour Pacific Enters Phoenix Office Market With $42M Buy
Balfour Pacific Capital has completed its first investment in the Phoenix office market. The Canadian company acquired the 457,893-square-foot Phoenix Corporate Tower for $42.3 million from Colony Capital. A Cushman & Wakefield team facilitated the sale. Ryan Cos. will provide property management services. Phoenix Corporate Tower is…»
Denver Real Estate Company Opens Phoenix Office, Taps Industry Veteran to Lead
DPC Cos., a Denver-based real estate owner and developer, is opening a Phoenix office that will be led by a 24-year Valley real estate veteran. Jerry Noble, who most recently worked as senior director and Phoenix market leader at Cushman & Wakefield, will lead and manage DPC’s Phoenix office, which will be at…»