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Commercial Real Estate & Business News – December 14, 2021

Two national developers are looking to build a massive master-planned residential, industrial and commercial development called Legacy Point on nearly 350 acres in Peoria. Walnut, California-based Shea Homes and Kansas City, Missouri-based VanTrust Real Estate have…»
Mesa City Council wrapped up a busy year on Dec. 8 by trying to jump-start a stalled residential project that’s now just steel skeleton in the heart of downtown.The final agenda of 2021 also included approval of more downtown housing, an east-side industrial…»
Major tech and media companies have set their third attempt at returning to the office en masse in early 2022. But with no end to the pandemic in sight, and with the shadow of uncertainty cast by the Omicron variant, some of those plans might be changing. Google on…»
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…»
A partnership led by Monarch Alternative Capital is reportedly planning to buy four of the Esplanade buildings in the Camelback corridor of Phoenix, according to a report.Real Estate Alert reported the New York-based hedge fund operator is partnering with…»