Commercial Real Estate & Business News – January 5, 2022

Scottsdale is one of the nine choicest destinations in the world to visit this year, according to one of the world’s most elite travel publications. Condé Nast Traveler – an award-winning luxury travel magazine – elevated Scottsdale to the ranks as the likes of Rio de Janeiro; Alentejo, Portugal; and Chiang Mai, Thailand in…»

A 1.2-million-square-foot industrial complex is planned in Casa Grande, adjacent to where Chang Chun Group, a supplier to Taiwan Semiconductor Manufacturing Co., recently bought 84 acres of land. The proposed project would include two buildings and be built in two phases, according to city of…»

A developer is proposing to transform a long vacant waterfront property at Tempe Town Lake into a $1.8 billion “resort-inspired” community with apartments, shopping and dining and a pier that juts out into the water. The project, known as South Pier at Tempe Town Lake, is planned on…»

Commercial real estate can be expected to perform well this year despite the prospect of higher interest rates, according to the National Association of Realtors. While interest rates are expected to broadly rise by about 75 basis points, they will still be low compared to historical levels and…»

The hottest housing market of 2022 will be Tampa, according to a new Zillow® analysis. Rounding out the top five hottest housing markets are Jacksonville, Raleigh, San Antonio and Charlotte in what is anticipated to be another hot year for…»