Commercial Real Estate & Business News – January 31, 2022

Metro Phoenix’s economy has started the new year hitting on all cylinders, with full employment, industrial expansion and more home-price gains on the horizon. The outlook is promising for homeowners and job seekers but could prove frustrating for employers and homebuyers, according to analysts who offered a regional update in an event sponsored by the Greater Phoenix Economic Council. The Thursday webinar was…»

Phoenix-based Mutual Development Partners and Los Angeles-based Silver Creek Development are making big moves in the Phoenix industrial market with multiple projects planned across the Valley. In partnership with Phoenix-based J. Walters Construction Co. LLC, the companies are currently building or planning a total of 3.3 million square feet between…»

Almost a year after Mesa City Council approved the 1,131-acre Hawes Crossing, the first residential community in the massive master planned community is one step closer to breaking ground. The City of Mesa Planning and Zoning Board earlier this month unanimously approved rezoning 80.66-acre for what the developers call…»

As renters look for a lifestyle change that offers more space and privacy, communities of single-family built-to-rent houses have become the hottest trend in housing. 2021 was a record year for single-family rental home construction, with 6,740 new built-to-rent homes completed. And, the trend is growing rapidly: twice as many homes are now under construction, for a total of…»

Housing, utilities and transportation costs are making it more expensive for higher-wage earners to live in the metro Phoenix region. During a Thursday webinar, the Greater Phoenix Economic Council shared the most recent cost of living index for professional and managerial household incomes in the top 20%…»