Commercial Real Estate & Business News – August 26, 2022

Colangelo Firm Buys Back Stake in Massive Development West of Phoenix

Howard Hughes Corp. just got an assist from real estate developer and sports entrepreneur Jerry Colangelo in its plans to build one of the largest proposed master-planned developments in the United States. Colangelo’s JDM Partners…»

Massive Mesa Industrial Park Leased by Amazon Sells to Pension Fund


Elliot 202 — a recently built, two-building industrial park — has traded hands for $187 million.California State Teachers’ Retirement System paid for the park in full in an all-cash deal, according to an affidavit of property value recorded in Maricopa County…»

Carvana Opens Second ‘Car Vending Machine’ in Arizona

Carvana is bringing an automated vehicle pickup location to its hometown.The omnichannel platform for buying and selling used cars is launching its 33rd car vending machine, situated in Glendale, Ariz. Glendale is part of the Phoenix metro area, where…»

Wolff Co. Finishes Its First Senior Living Facilities in Arizona

Developer Wolff Co.’s Revel Communities opened two independent-living properties totaling 330 units in Scottsdale, Arizona, the firm’s first senior-housing facilities in the state. Wolff finished construction of Revel Scottsdale, a 157-unit property near…»

Some Fast Facts to Know About the Arizona Water Supply

Arizona leads the nation with rigorous water conservation efforts, and because of the 1980 Groundwater Management Act, Arizona has the legal and physical infrastructure that maintains a 100-year assured water supply to meet…»