Commercial Real Estate & Business News – August 29, 2023

Home Run for Arizona: Spring Training Pumps Over $710 Million into Economy

Spring Training generated more than $418 million in new revenue for Arizona’s economy this year and more than $710 million in total economic activity, according to a new economic impact study from Arizona State University’s Seidman Institute. Researchers interviewed…»

Phoenix Among Top Locations for ‘Exciting Trophy Projects,’ Expert Says

The Phoenix metro has become one of the hottest locations for manufacturing and is on its way to becoming a major technology hub in the U.S., according to a new report from CBRE Group Inc. The Phoenix market is expected to be a major beneficiary of…»

Arizona has 3 of the Top 30 Most Sought-After Cities for Renters

The newly released Rental Activity Report ranks 150 cities based on renters’ interest in moving this August. Chandler, Gilbert and Peoria are among the Top 30 most sought-after cities for renters this month, setting a record for popularity for Arizona with…»

Mosaic, NexMetro Break Ground on Phoenix BTR Project

Mosaic and NexMetro Communities have broken ground on Avilla Palomino, a $63 million, 197-unit single-family rental home community in Glendale, Ariz., expected to deliver next summer. It is Mosaic’s third project to break ground in the last 18 months and the…»

Grand Canyon University Expects Record Enrollment of 118,000+

Grand Canyon University is expecting another record-breaking class of new students in 2023-24 despite the continued downward trajectory of college enrollments across the country. GCU is projecting a more than 14% increase in new students from last year, including a class of more than 11,000 incoming traditional-age (21 and under) students attending both…»