Commercial Real Estate & Business News – August 5, 2022

Arizona Ranks No. 3 Among States Gaining Most High-Earning Families

Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more…»

Inside the Deceleration of Apartment Rents


From a national perspective, for the first time since 2020, as many as a dozen apartment markets saw absolute asking rents decline in a month, according to’s July 2022 Rent Growth report. Five other markets saw no changes in…»

Toll Brothers Buys Land for Apartments Near Legacy Sports Park in Mesa

Pennsylvania-based Toll Brothers Inc. (NYSE: TOL) closed on a 20.24-acre parcel on Aug. 1, paying $19.3 million for the land near the Legacy Sports park in Mesa. The homebuilder bought the land from Pacific Proving LLC, whose principals are…»

Developer Pays $6.1M for Downtown Chandler Site

Two downtown Chandler buildings that sold for $6.1 million earlier this month will be giving away to a mini-mall.Beeline Shops LLC, a subsidiary of Scottsdale-based Southwest Retail, bought the buildings at 315 and 325 S. Arizona Ave. at…»

CRE on the Chopping Block Among Companies Worried About Inflation

There are economists who insist that the US is not yet in a recession and economists who say it is, or at least will be soon. Business executives can’t delay their actions for the final ref’s call, so they’re making plans, many of which…»