Commercial Real Estate & Business News – February 25, 2022

Cushman & Wakefield has advised the joint venture of Martens Development, a Scottsdale, AZ-based real estate firm, and Dune Real Estate Partners, a New York City-based real estate investment firm, in the disposition sale of Landing 3, a brand new…»
Food Network star Guy Fieri is set to open a restaurant concept later this spring in the Caesars Sportsbook at Chase Field in downtown Phoenix. The retail sportsbook is going into the two-story, 20,000-square-foot space formerly known as Game 7 Grill on the Plaza…»
A trio of real estate developers expect to break ground this fall on a proposed mixed-use development called Heritage Park in Phoenix’s Gilbert suburb after city leaders recently approved zoning for the $300 million project. A joint venture of Phoenix-based…»
Short-term vacation rentals sometimes result in raucous parties that prompt calls to the police. And they can make fewer homes available for permanent residents. But rentals also help drive economic growth, employment and tax revenue as part of Arizona’s…»
For the 31st month in a row, metro Phoenix has topped home price growth — at a time when interest rates are inching up and more homeowners are worried about affordability. Phoenix topped the nation with the highest year-over-year gains, showing…»