Commercial Real Estate & Business News – August 24, 2023

More than 60 acres in east Mesa could be home to a new multifamily community and shopping center. Vivo Partners, Hawkins Cos., Greystar Worldwide and Bela Flor Communities are proposing Medina Station at the southeast corner of Signal Butte Road and Southern Avenue in east Mesa, located just to…»

Multifamily developer confidence heading into Q3 and Q4 of 2023 remains upbeat, even though the market is experiencing a highly competitive landscape and higher-than-expected costs in land, labor, and construction materials. Many also see strength continuing into…»

A new Liv Communities multifamily complex with additional entertainment facilities is planned for a large piece of vacant land along the Loop 202 in Phoenix, an area that is seeing substantial growth since the completion of he freeway in 2019. The new mixed-use development is…»

Axon, the Scottsdale-based maker of Taser stun guns, law enforcement body cameras and records-keeping software, is planning to add apartments, a hotel and commercial space, like restaurants and shops, to its north Scottsdale campus. Axon bought about…»

One consequence of decades-long, ultra-low interest rates is that many homeowners are locked into cheap mortgages and are unwilling to sell their property if it means having to get a new mortgage with a rate several percentage points higher than their current loan. It can cost homeowners who…»