Commercial Real Estate & Business News – January 24, 2022

The world’s largest industrial developer and landlord is gearing up for what it expects to be another record-breaking year of demand as it begins chipping away at a $26 billion global construction pipeline. Prologis, the San Francisco-based real estate investment trust, is positioning itself to capitalize on soaring demand for warehouse and distribution space with the start of construction on about…»
Leading multifamily housing operators are coming off a record-breaking year for apartment absorption and experienced near-spectacular rent growth in many markets. For 2022, they see rent growth baked into their leases, practically regardless of how the economy and housing demand fluctuates this year. Moderator John Sebree…»
Multifamily and commercial mortgage originators are optimistic that 2022 will be another strong year of borrowing and lending, according to the 2022 Commercial Real Estate Finance Outlook Survey from the Mortgage Bankers Association (MBA). Every top multifamily and commercial firm polled for the survey, which was conducted between…»
Adeline, the new $125 million apartment tower in downtown Phoenix that boasts 379 luxury units, is now open and has welcomed its first residents. Located across the street from Footprint Center, the 25-story tower at 222 E. Jefferson St. offers panoramic views of the skyline with a backdrop of the mountains surrounding the Valley. Adeline was…»
Two years into the global coronavirus pandemic, many things in life have changed, not least of which are the protocols and norms for dining out. As with many industries, Arizona restaurant owners are working to figure out how to stay open, how to keep their staff and customers safe and how to deal with the ever-changing landscape of staffing issues and food shortages. The most recent wave…»