Commercial Real Estate & Business News – February 22, 2023

Fresh off acquiring the ground lease to 18 acres of Scottsdale Airpark land, Creation Equity is ready to build what it thinks will be a coveted industrial center. The Phoenix developer is planning an industrial project called…»

Ecobat, reportedly the world’s largest recycler of batteries, will build its third lithium-ion battery recycling facility—and its first in North America—in Casa Grande, Ariz. The facility is intended to initially produce an estimated 10,000 tons of…»

Wood Partners, a leading national multifamily real estate developer and manager, announced the grand opening of its newest luxury residential community, Alta Cooley Station, in Gilbert, Arizona today. Located just southeast of Phoenix…»

Repurposing commercial properties into multifamily housing is growing more common across a variety of real estate markets and can provide a critical source of housing where shortages persist, according to a new report from…»

It’s a bit of same ol’, same ol’ for now in multifamily deal-making two months into 2023 – not a whole lot. “Buyers are cautious, facing higher financing costs and downgraded projections of future rent growth,” writes, Paul Fiorilla…»