Commercial Real Estate & Business News – December 6, 2024

A plan that will bring a grocery store and retail center to a north Phoenix neighborhood got the nod of approval from the Phoenix City Council on Wednesday, despite some lingering opposition from neighbors. Vestar, the developer of Desert Ridge Marketplace, Tempe Marketplace and other…»

Over the past few years, industrial developers have flooded into the Phoenix market to take advantage of opportunities in fast-growing hubs around the Loop 303 and the Phoenix-Mesa Gateway Airport. With an oversupply of warehouses on the fringes on the Valley, one totaling 2 million…»

SkySong remains one of the Valley’s most dynamic and vibrant business hubs by consistently evolving to meet the needs of today’s businesses, startups, and professionals. The headliner in the latest flurry of activity is a new lease by Yelp for a space in SkySong 4. SkySong has been pursuing Yelp…»

Atlanta-based Wood Partners is delivering two more apartment communities in metro Phoenix, bringing another 630 units to market in Gilbert and Avondale. Alta Avondale encompasses 360 units on 14 acres of land within The BLVD in Avondale, while Alta Rise in Gilbert includes 278 units. Wood…»

The last few years in commercial real estate have been filled with observations of all the dry powder resting on the sidelines, getting ready for action. It looks like some of that capital is getting shaken loose and put into sizable deals. November brought two examples. Blackstone Real Estate Income…»