Commercial Real Estate & Business News – December 1, 2024

A newly opened build-to-rent development on the western outskirts of Phoenix is looking to capitalize on the city’s rapid population growth and rising costs of homeownership. Locally based builder Curve Development is set to open its most recent project, Cyrene at Skyline in Waddell, Arizona…»

After so long considering the troubles facing office — and many tiring of hearing it repeatedly — there’s a new problem being brought up: multifamily. But things are more complicated than office. Some of the problems in multifamily were visible by the summer. Distress rates had begun to…»

Creation, in partnership with Crescent Communities, announced today that Flagship Restaurant Group has signed a lease for approximately 14,000 square feet at the eagerly awaited Heritage Park in Downtown Gilbert with plans to bring three of its concepts to the East Valley. With headquarters in Omaha…»

Undeveloped West Valley parcels are being snapped up for more industrial development. Rankin Real Estate LLC is the latest firm that’s working on plans for a future business park in Goodyear near Interstate 10. The Scottsdale-based company has applied for rezoning and a general plan amendment…»

Three major homebuilders have teamed up to buy nearly 300 acres of state land in Peoria. California-based Shea Homes, which was the applicant for the Arizona State Land Department auction held Nov. 25, selected Lennar Corp. (NYSE: LEN) and Toll Brothers Inc. (NYSE: TOL) to buy the state land…»