Commercial Real Estate & Business News – January 4, 2022

Commercial real estate in Arizona is in the midst of an unprecedented run. Ever since early 2020 when the coronavirus pandemic rocked the business community, the commercial real estate industry in Arizona came up with innovative ideas for not only surviving, but…»
Many first-time buyers continue to struggle to move into homeownership amid sustained price growth and competition from all-cash buyers. The share of first-time buyers fell to 26% in November, according to the November REALTORS Confidence Index Survey. This is the…»
2021 was a highly competitive year for renters in many areas as they faced a perfect storm: high demand, low Phoenix apartment availability and applicants with top-notch credit scores. In the most extreme situations, occupancy rates bounced to 98%, while more than 35 renters…»
A California investor paid $36 million for an off-campus student housing complex near Arizona State University in Tempe, more than twice the price that the property last sold for in 2015. Tara Investment Group, a division of Meier-Shefflin Multi-Family, based in San Francisco and…»
A residential health care facility and a 400-unit apartment complex are among the next planned developments at Cavasson, the master-planned development in north Scottsdale. Vi at Cavasson will include a four-story main building several other buildings with villas and amenities,…»