Commercial Real Estate & Business News – August 10, 2022

Developer Proposes Mixed-Use Project for Litchfield Park’s new Civic Center

A project with new retail, restaurants and offices is being proposed as the first of several commercial developments planned for Litchfield Park’s new city center in the West Valley. The new project will be called Heritage Place at Litchfield Square and will total…»

Federal Regulators To Keep Close Eye on Banks’ Commercial Real Estate Lending


Federal regulators have a message for banks when it comes to commercial real estate: They’re closely watching new loans. The Federal Deposit Insurance Corp. said economic conditions portend a surge in risky loan originations, especially for…»

Office Investments Cooled in Phoenix in Q2

Phoenix office investments totaled nearly 2.9 million square feet in the second quarter of 2022, according to CommercialEdge, with some 1.4 million changing hands in June. The quarterly total shows less investment activity than the one recorded in the…»

Developer Starts Two-Building Industrial Project in Southwest Phoenix

National development firm VanTrust Real Estate started its latest project in greater Phoenix: a two-building industrial park along the Loop 202 freeway called VT 202. VanTrust expects to finish the roughly 104,700-square-foot and 76,300-square-foot…»

Out-of-Town Buyers can Spend 12.9% More for Phoenix Homes, Report Finds

Newcomers moving to Phoenix have bigger budgets to spend on purchasing homes, according to a recent study from Redfin. Phoenix ranked No. 7 on a list compiled by Redfin (Nasdaq: RDFN) that tracked the difference between…»