Commercial Real Estate & Business News – February 3, 2022

Phoenix ranks No. 2 in the nation for average annual growth rate in tech office leasing – a sector that is now the primary driver of the U.S. economic recovery, according to JLL’s latest research. At the beginning of the pandemic, tech employment numbers…»
Net lease investment is in for another strong year, according to Spencer Levy of CBRE. Net lease inherently allows investors to achieve attractive risk-adjusted returns compared to other investment assets, even other real estate investments. That fact alone will…»
Homebuilders and developers are paving the way for thousands of new homes on 1,200 acres of land that once was occupied by dairy farmers. All of the land is under contract, with homebuilders and developers expected to close escrow over the next few months…»
Big projects are on their way to Peoria, the fast-growing suburb just northwest of Phoenix. The city has had several developments in the works over the past couple of years and dirt is finally moving at several sites that will result in…»
Scottsdale, AZ – ORION Investment Real Estate announced the off-market sale this week of Northsight Crossing, a 111,325 square-foot retail center anchored by EoS Fitness in North Scottsdale. The property is strategically located in an affluent neighborhood, with an average…»