Commercial Real Estate & Business News – December 13, 2021

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partner…»
Food, glorious food.That’s the motivation behind several large- and small-scale developments taking shape in the Valley as more businesses are interested in looking at ways to help city residents eat more sustainably. In the city of Phoenix, two…»
Office investment sales volume this year has officially surpassed the total for 2020, with $34.8 billion of sales logged in the third quarter alone. The Q3 figure is an increase over the $26 billion posted in Q2, according to a new report from…»
Developers Merit Partners Inc. and Lexington Realty Trust have broken ground on two industrial buildings in the 1,600-acre PV 303 industrial park in Goodyear, Arizona. Merit Partners, based in Phoenix, and Lexington Realty, an…»
Arizona’s economy, led by the metro Phoenix juggernaut, should grow at a solid pace in 2022 following all of the drama of the past two years, and housing prices will avoid a crash despite recent price surges. Those were two key…»