Commercial Real Estate & Business News – January 11, 2022

New York-based developer Wharton Industrial recently acquired a 101-acre parcel of land in Mesa where it plans on building a $200 million industrial park. The large property is located on the northwest corner of Warner and Sossaman roads near Phoenix-Mesa Gateway International Airport and the Loop 202. Wharton paid…»

For the vast majority of market-rate renters, apartments remain affordable and these renters moving in are bringing big incomes, according to recent data from RealPage. Demand for market-rate apartments in 2021 soared far above the highest levels on record in the three decades RealPage has…»

Despite the blows the Covid-19 pandemic dealt to the hospitality industry, investor appetite for hotel properties in Phoenix is strong, a Valley expert said. “We have one of the strongest lodging markets in the country,” Jennifer Bergamo, vice president for CBRE Group Inc. in Phoenix said. The Phoenix market has been…»

Holualoa Companies has purchased Park One, a prominent office park in the Camelback Corridor with plans to renovate and rebrand it. The firm has purchased Park One, a 217,433-square-foot office property located on 12 acres on east Highland Avenue with attractive open space including…»

The Phoenix office of JLL has completed a 300,100-square-foot lease to HelloFresh’s subsidiary Factor, America’s leading fully prepared meal delivery service. The lease is at Yuma|143, a still-under-construction, Class A, two-building industrial project being co-developed in Goodyear, Arizona by…»