Commercial Real Estate & Business News – January 25, 2021

Institutional Owners Show Renewed Confidence in the Investment Market
Institutional owners are re-entering the investment market, showing a renewed confidence to secure strong pricing. A fund managed by DRA Advisors is bringing the Pinnacle Corporate Park to market. The two-building, class-A office portfolio totals 259,458 square…»
Sunbelt Holdings Will Lead 10M SF Expansion at Wild Horse Pass
After a deliberative process, the Wild Horse Pass Development Authority (WHPDA) announced the selection of Scottsdale-based legacy developer Sunbelt Holdings to lead the development efforts for the property’s 3,300-acre project known as Wild Horse Pass…»
Investor, Tenant Demand Reaches New Highs in Phoenix’s Industrial Market
Industrial demand, supply and investment in Phoenix set new records in 2020, and that momentum has carried into the new year. The coronavirus created substantial headwinds that negatively impacted most commercial property sectors, but some of those trends benefited…»
Luxury Apartment Developer Makes Arizona Debut with $500M Investment to Deliver 1,600 Units
Orlando, Florida-based ZOM Living is making its Arizona debut with a $500 million investment to build as many as 1,600 luxury apartment units in metro Phoenix. With regional offices in Dallas; Washington, D.C.; and Raleigh, North Carolina, ZOM Living is targeting…»
Eviction Moratorium Extended Through End of March
The Centers for Disease Control and Prevention (CDC) has extended the nationwide eviction moratorium through at least the end of March. “As a protective public health measure, I will extend the current order temporarily halting residential evictions…»