Commercial Real Estate & Business News – August 22, 2022

Q2 Commercial and Multifamily Originations Up Year Over Year

Commercial and multifamily borrowing saw a 19% increase in the second quarter compared with a year ago and a quarter-over-quarter increase of 15%, according to the Mortgage Bankers Association (MBA). For multifamily properties specifically…»

Canadian Company Xnrgy Chooses Mesa for $145M Headquarters and High-Tech Plant


Xnrgy Climate Systems, a Canadian company that manufactures climate systems for data centers, has submitted plans to the city of Mesa to build its U.S. headquarters and a manufacturing facility. The Montreal-based company said it will…»

C|303 Breaks Ground on Mile-Long Phase 1 Along Loop 303

Phoenix-based real estate development firm Merit Partners, along with First Industrial Realty Trust and Diamond Realty Investments, have broken ground on Phase One of C|303, a Class A modern industrial logistics park situated in the…»

Pinal County Buys at Least 1,400 Acres in Casa Grande Area for Lucid Lease, Expansion

Lucid Group Inc. (Nasdaq: LCID) recently finalized development and lease agreements with Pinal County and the city of Casa Grande for an additional 1,400 acres, county records show. The new agreements will bring the…»

Heitman Acquires Multifamily Tower in Downtown Phoenix

Heitman has acquired 44 Monroe, a 34-story high-rise multifamily community comprised of 184 residential units and four retail spaces in downtown Phoenix. Heitman acquired the property on behalf of an…»