Commercial Real Estate & Business News – August 4, 2022

Thousands of Apartments, Rentals on Tap for Laveen as Residents Demand Sustainable Growth

The Laveen community in southwest Phoenix has seen thousands of residential rooftops under construction for years, with houses replacing farms in the once agricultural area of the city. But as the area has…»

Decron Pays $91 Million To Buy Ninth Greater Phoenix Apartment Complex


Los Angeles investment firm Decron Properties bought a luxury Phoenix-area apartment complex for $91 million, its ninth multifamily purchase in the fast-growing market in the past year. Decron paid $421,300 per unit to…»

Ten Issues That Will Impact CRE for Rest of 2022

LaSalle is expecting a high-impact second half of 2022, according to its Mid-Year Update. The firm provided the top 10 issues it believes could steer commercial real estate’s direction, including those related to…»

Will Decreasing Lumber Prices Impact Arizona Real Estate?

Despite inflation, the real estate market continues to make headlines in Phoenix, there is one vital product that is starting to see a slowdown: lumber. According to Statista, in May lumber prices hit a low of $780 per thousand board feet, now…»

National Retailer’s New Distribution Center Slated to Bring More Than 1,300 Jobs to the Valley

Newly released documents show that Ross Store Inc.’s (Nasdaq: ROST) plans for a massive distribution center could have a big economic impact on the West Valley. The off-price retailer is making plans to build a 1.7 million square-foot distribution center in…»