Commercial Real Estate & Business News – February 25, 2014

America’s 20 Fastest-Growing Cities

To cull our list, we began with the 100 most populous Metropolitan Statistical Areas (MSAs) in the U.S., geographic areas designated by the U.S. Office of Management and Budget that include cities and their surrounding suburbs. Phoenix also makes the list this year, jumping a whopping five spots to No. 3. “That certainly shouldn’t be a surprise to anybody, because they are among your leading growth states,”… Read more

Sarver’s Firm Buys Chandler Complex

A 152-acre business park in Chandler’s Price Corridor has been purchased for $51.75 million by Southwest Value Partners, the San Diego-based real-estate investment company co-founded by Robert Sarver. The Continuum Business & Technology Park, originally developed by Motorola in 1986, is currently home to a 463,658-square-foot office building… Read more

ULI Chooses Hottest AZ Districts

In a panel moderated by Mesa mayor Scott Smith, five of Arizona’s hottest districts were named at the Urban Land Institute’s Trends Day at the Phoenix Sheraton. Smith said the areas were chosen not specifically for their current economic activity, but for their potential for growth. Leading the pack was Chandler. Christine Mackay, economic development director for Chandler gave a large amount of credit to… Read more

West Valley Rebounding In Home Construction

When Eric Orsborn moved into one of the first homes built in Buckeye’s Verrado a decade ago, he woke up every morning to the sound of hammers and saws. The master-planned community had so few structures that the Orsborns could see the security guard’s flashing lights shine through the window at night – even when he was miles away… Read more

Why Are There More Buyers But Fewer Sales In Phoenix?

The latest issue of The Wilcox Report to clients shows that there are four reasons the pool of buyers in the Greater Phoenix area is growing, and yet at the same time there are three reasons there has been a slowdown in home sales. Here are the 4 reasons homebuyers are increasing in number… Read more