Commercial Real Estate & Business News – February 25, 2021

An old shopping center site is getting new life in Casa Grande, as a new auto park from Mullin360 is poised to bring more jobs and tax revenues to the community. It’s yet another example of the major improvements and expansions happening in south central Arizona’s most populous city. By a unanimous vote…»
“There’s going to be a hell of a party in the next couple of years,” and Arizona might be having the best celebration of all when it comes to the economy following the Covid-19 pandemic, economist Christopher Thornberg said during his keynote address at the Alliance Bank of Arizona economic forum on Tuesday…»
The 1970s-era Paradise Valley Mall, in decline for almost two decades in Phoenix, is poised to be the latest retail center in the United States to be transformed with a new focus, in this case a town center development with high-rise multifamily housing, self-storage properties and retail. The Phoenix City Council…»
Once again, Phoenix topped the nation in home price growth, reporting a 14.4% year-over-year gain in December when the national increase was 10.4%, according to the S&P CoreLogic Case-Shiller Indices released today. Thomas Brophy, director of research for Colliers International, wonders if this trend…»
DR Horton bought 119 residential lots in Buckeye for $ $8,011,700, according to the commercial real estate tracking website Vizzda. The seller was Forestar Group. The land is located at the northeast corner of Apache and Lower Buckeye roads in Buckeye. The land includes 119 platted and engineered single-family…»