Commercial Real Estate & Business News – August 1, 2022

Robust job and population growth have fueled a hot real estate market in the Valley of the Sun. In-migration trends here are among the best in the United States in part due to Phoenix’s proximity to Southern California. And apartment builders have plenty of…»

The city of Avondale has unveiled new development and sale opportunities within its historic downtown district, which the municipality is looking to revitalize over the next several years. One of the key components of Old Town Avondale includes…»

Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 million. It is the ninth property for Decron in the Phoenix metro overall and seventh in the Southeast Valley…»

Phoenix officials are hoping to snag a developer interested in turning a long vacant firehouse into a restaurant. The firehouse south of Margaret T. Hance Park in downtown Phoenix was built in 1951, but it hasn’t operated as a fire station since the…»

Even as the Bureau of Economic Analysis released its preliminary GDP growth estimate for the second quarter—down at an annualized rate of 0.9%, which is better than the -1.6% in Q1—the takes came in hot as befits a world struggling with climate change…»