Commercial Real Estate & Business News – February 16, 2021

If you’re of the opinion Tennessee and Arizona are fun places to visit and would be beautiful spots to live, take a number and get in line. U-Haul customers are well ahead of you. The Volunteer State posted the largest net gain of U-Haul trucks crossing its borders in 2020, making it the No. 1 state for migration…»
Phoenix’s population surge continues. According to a Feb. 4 Redfin report, the Valley recorded net inflow of 82,601 residents in 2020, the most of any metro area last year. Net inflow — a metro area’s gain in new residents after accounting for departures — is yet another measure articulating the recent population…»
Popular discount grocer Aldi will open in Gilbert on Monday. The store, at 1801 E. Pecos Road, will be Arizona’s fourth Aldi location, providing “smarter, faster and easier” grocery shopping, according to the company. Doors will open 8 a.m. Monday, with store hours of 9 a.m. to 9 p.m. after opening day…»
The city of Avondale topped the list of cities with the biggest annual growth in single-family homebuilding permits — reporting a whopping 427% increase in 2020. A major contributor to the 548 permits the city issued to homebuilders in 2020 is the 1,130-acre Alamar master-planned community…»
ZOM Living has acquired 20 acres of land at the northwest corner North 56th Street and Loop 101 in North Phoenix for $34,873,614 — or $1,743,680.70 per acre, according to the commercial real estate tracking website Vizzda. The land is on a commercial ground lease from the State of Arizona…»