Commercial Real Estate & Business News – August 9, 2022

Phoenix High-Rise Trades for $94 Million as Investors Renew Interest in Downtown Apartments

A Colorado multifamily investment firm paid $93.5 million to buy the tallest apartment tower in downtown Phoenix, a once-sleepy district that has come back into vogue for renters over the last decade. Grand Peaks Properties, based in…»

Mesa Mobile Home Community Sells for $44 Million


Northmarq’s Manufactured Housing group announced the sale of Country Club Village, a 493-site mobile home community located at 2060 N. Center Street in Mesa, Arizona. The buyer was Havenpark Communities, LLC from…»

Phoenix Metro Sees a Bump in International Companies Looking to Move to Arizona

As more manufacturers look to bring operations to the U.S., the Phoenix metro is seeing an uptick in interest from international companies considering moving to the Valley, experts say. So far in fiscal year 2023, the Greater Phoenix Economic Council said it is…»

Phoenix Considering $500 Million Bond Projects

Phoenix is trying to generate excitement over a proposed bond program worth half a billion dollars. Eight subcommittees representing different city services will hold public meetings to gather resident input and hear pitches from city departments…»

Top 10 Cities With Largest Affordable Housing Shortage

It’s no secret that the housing market has taken many Americans for a loop in the past couple of months. Between the current inflation rate and a pending recession, many people are faced with the hard decision of…»