Commercial Real Estate & Business News – January 19, 2024

During her 2023 International State of the State address, Gov. Katie Hobbs highlighted Arizona’s No. 1 national ranking in foreign direct investment (FDI) for the second year in a row, with the state attracting nearly $32 billion of investment from international companies in 2022. Some of the…»

Phoenix tops the nation in construction for build-to-rent communities, with more than 8,000 units currently under construction, according to a report released by Northmarq on Jan. 17. Dallas-Fort Worth is close behind Phoenix at No. 2, but no other U.S. city comes close to the torrid level…»

Fights over housing take place at city hall. It’s where developers, elected leaders and residents come to argue over what, where and whether something should be built. That’s because mayors and city councilmembers decide how land is used. It’s why, in most Arizona cities, homes sit…»

Greystar has begun construction on the first multifamily portion of a massive mixed-use project outside Phoenix. The development is part of Greystar’s master plan for Peoria Place, a $500 million, 88-acre project adjacent to municipal offices that was designed to revitalize the Peoria…»

A new luxury hotel boasting opulent penthouse suites, multiple dining options and two pools is getting ready to open in the heart of Scottsdale. The 11-story, 265-room Caesars Republic Scottsdale is situated on the north side of Scottsdale Fashion Square at Goldwater Boulevard and…»