Commercial Real Estate & Business News – August 16, 2021

Maricopa County was one of five counties in the country to add more than 300,000 people between 2010 and 2020, and Phoenix was the fastest-growing large city in the country, increasing its population by 11.2%, according to U.S. Census Bureau data released Thursday.Phoenix, which added…»

MESA, Ariz. (AP) — Facebook is building a data center in metro Phoenix that will use only renewable energy, the company announced Thursday.Once completed, the facility in Mesa “will represent an investment of more than $800 million and will support approximately 100 jobs,” Facebook said in a…»

SCOTTSDALE, ARIZ. – ORION Investment Real Estate is pleased to announce it has expanded its healthcare division with the formation of M|T Healthcare Partners, founded by Marina Hammersmith, CCIM and Tyrel Williams, CPM®.M|T Healthcare Partners is a full-service healthcare real estate practice specializing in…»

U.S. investor inquiries and newly launched deals have recovered to near-2019 levels, says CBRE. In recent weeks, the number of deals tracked by CBRE Deal Flow has almost matched 2019’s record total, while inquiries have rebounded to 2019 levels since late May…»

Multifamily asking rents rose by 8.3% year over year in July, breaking records again for rent growth in this month’s Matrix Multifamily National Report. Rents have risen by 8% since the start of the year, and the average rent rose by $26 in July to $1,510.This meteoric rent spike speaks to a growing…»