Commercial Real Estate & Business News – February 1, 2022

Defunct malls have been the focus of some of the biggest redevelopment efforts in the Valley, including the reuse of the former Park Central Mall as a primarily office mixed-use campus, and now two groups are gearing up to take on the repositioning of…»

New year, new rent price trends and a new report. The Rent.com Rent Report replaces the previous version from Apartment Guide. And Gilbert leads the nation for the biggest increase in one-bedroom rent prices year-over-year.Let’s look at where rent prices stand today…»

Dublin, California-based Ross Stores Inc. (Nasdaq: ROST) recently purchased a massive site in Buckeye, a fast-growing suburb located southwest of Phoenix, for a regional distribution center. Sources with knowledge of the deal say the off-price retailer plans to build about 1.6 million square feet of distribution space on…»

Marcus & Millichap released its 2022 multifamily investment forecast and in a video, John Chang, senior vice president and director of research services, explained that he had just spoken to many investors at the National Multifamily Housing Council’s Strategies Conference. “I met with numerous apartment investors. The most important feedback…»

For more than a millennium, WaFd Bank has been serving communities throughout the West. That’s ample time to observe waves upon waves of economic and banking trends. From being in business during the Great Depression and Great Recession to the recent global pandemic, who better to speak to the 2022 banking industry outlook than…»