Commercial Real Estate & Business News – August 8, 2022

Phoenix Eyes Future Intersection for Commercial Development, Revitalization of Rio Salado

The city of Phoenix is eyeing a future freeway interchange for commercial development near the Loop 202 as part of its efforts to help revitalize dozens of miles along the Salt and Gila rivers. The 85-acre property is located near the southeast corner of…»

Blowout Jobs Report Stuns Wall Street


The economy added 528,000 jobs in July, according to the Labor Department on Friday, the largest monthly gain since February and more than twice the number expected by economists. Employment has now returned to…»

Housing Demand Changes as Costs Climb

It’s hard to miss how expensive and, for millions, unaffordable housing has become. New research from Marcus & Millichap suggests that the market is currently experiencing a classic standoff between price elasticity and demand…»

Clayco Breaks Ground on Power Industrial in Mesa

Clayco, a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm, celebrated the groundbreaking of Power Industrial, a four-building, flex-industrial development designed for various end-users and…»

Phoenix Developer Puts new Twist on Build-to-Rent Bonanza, With $500M in Projects on Plate

Nathan Pile is putting a twist on the wildly popular build-to-rent sector — with plans to invest $500 million to build 2,000 homes nationwide. Made famous by Mesa-based Christopher Todd Communities and Phoenix-based NexMetro Communities, the…»