Commercial Real Estate & Business News January 17, 2019

Valley CRE Industry Expects to Maintain Momentum in 2019
If you liked commercial real estate in 2018, you’re going to enjoy 2019 just as much. Often, sequels don’t live up to the high expectations set by their predecessors, but when it comes to the general health of the commercial real estate market in the Greater Phoenix area, another year like 2018 is very welcome. All of the major economic signs point to…»
Investors Are Returning to Phoenix With a New Strategy
Some investors are returning to Phoenix with a different strategy. Investors that once focused on value-add deals in the market are now seeing more core opportunities. While that isn’t to say that value-add deals and investors aren’t still active in the market-which they are-it shows the evolution of Phoenix to appeal to core and institutional capital and…»
37,000-Acre Master-Planned Community in Far West Valley Moves Forward
Jerry Colangelo – former owner of the Phoenix Suns and Arizona Diamondbacks – is known for thinking big. So it’s no surprise he’s planning a 37,000-acre master-planned community in the West Valley that will include 119,000 homes and 59 million square feet of commercial and retail space. He estimates the project will cost $8 billion to…»
Mesa to Auction Prime Piece of Pristine Desert
City officials plan to auction 132 acres of pristine desert in northeast Mesa for what they say could become another Las Sendas. The city bought the large piece of scenic land around Thomas and Recker roads 20 years ago for a district park after voters approved a $4 million bond issue. But the land has sat vacant since 1998, and Mesa City Council…»
6 Projects You Need to Know
AZ Big Media lists the six development projects that you need to know about:…»