Commercial Real Estate & Business News- January 31, 2020

Banner Breaks Ground in Glendale on its Largest Health Center Leaders from Banner Health and its developer partner NexCore Group, along with Glendale Mayor Jerry Weiers and other government, community and business leaders, gathered in northwest Glendale Wednesday, Jan. 29, to break ground on Banner’s newest health center project. The project, located near 75th Avenue and…»
Developer Starts Large Warehouse Project Near Phoenix-Mesa Gateway Airport
Developer Marwest Enterprises broke ground on an industrial project in Phoenix’s East Valley, where an influx of new businesses has caused a demand boom for logistics space. Construction firm Willmeng Construction Inc. is building the development known as Landing 202, a two-building project on 45 acres of former farmland…»
Chandler Freeway Crossing Gets 4th Office Building
Developer Mark IV Capital has delivered its fourth Class A office building at Chandler Freeway Crossing. Dubbed 2625 at Chandler Freeway Crossing, the new Chandler, Arizona building features Class A, country-club-style amenities and direct freeway frontage at the Loop 101/202 interchange, within the popular Price…»
Real Estate Historically Low Inventory Continues Driving Home Prices Higher
The dramatically limited supply of houses for sale is continuing to drive an increase in home prices as buyers are often left fighting over the few houses that are on the market. According to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic, there was a 3.5% annual increase in home prices…»
Phoenix Sky Harbor Breaks Record for Passenger Traffic in 2019
Arizona’s largest and busiest airport had a record-setting year in 2019. Phoenix Sky Harbor International Airport broke its year-old passenger traffic mark with more than 46.2 million people served during the calendar year, according to a press release. The jump was a 3% increase from 2018, when about 45 million passengers…»