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Commercial Real Estate & Business News – February 8, 2022

Glendale-based Mangat Group, a real estate investment and development company, plans to build multiple commercial and residential projects across the southwest Valley. In total, the company is planning projects across approximately 1,500 acres and is…»
Invitation Homes, the largest U.S. landlord of single-family rentals with more than 80,000 houses, is expanding by teaming up with a new venture providing rent-to-own options. Invitation Homes is investing $250 million of equity capital to start…»
Metro areas in the Sunbelt and Mountain states are undergoing intense apartment construction activity as builders try to keep pace with the strong demand in these markets. A strong and sustained job recovery, years of net domestic in-migration even…»
While typically a seasonal business, apartment leasing has seen strong demand so far during the winter months. RealPage reports overall occupancy in professionally managed apartments reached a new record in January at 97.6%, with occupancy topping…»
Arizona’s labor force could be “the biggest opportunity and the biggest risk as far as our economy growing,” economist Jim Rounds said of the tight labor market in the state and around the country. “We are adding a lot of jobs, but starting to get tapped out as far as workforce supply”…»