Commercial Real Estate & Business News – January 6, 2021

A KeyBank Executive Assesses the Risks Ahead
As Hank Nicholas, national business leader of Project Finance and Affordable Housing Divisions for KeyBank Real Estate Capital, looks at the year ahead, he’s keenly aware of the risks lingering in the market. Whether it is market risks around primary, secondary and tertiary markets…»
41 Acres Sold in Goodyear; Gateway 303 Will be Built on Site
MDH Partners has purchased roughly 41 acres in Goodyear, Ariz. for an undisclosed amount. The Atlanta-based commercial real estate development firm plans to construct a two-building speculative industrial project called Gateway 303.Pat Feeney and Dan Calihan of CBRE…»
YAM Properties Buys Pima Crossing for $51.5 Million
YAM Properties, a company owned by GoDaddy founder Bob Parsons, made a significant retail purchase recently, acquiring the 240,370 square foot Pima Crossing center in Scottsdale. YAM Properties purchased the shopping center from Karlin Real Estate for $51.5 million…»
Prior to Building $12B Factory, Taiwan Semiconductor Leases Office Space Near Metrocenter
Before Taiwan Semiconductor Manufacturing Co. builds a massive factory in northwest Phoenix, the company is setting up its operations near Metrocenter. The semiconductor giant in late December agreed to lease more than 46,000 square feet of office space to serve as an administrative base…»
Developer Breaks Ground on ‘Attainable Housing’ Project in Goodyear, Arizona
Housing developer Greenlight Communities broke ground on a 286-unit multifamily complex aimed at midpriced rental rates in the fast-growing Phoenix suburb of Goodyear, Arizona. Greenlight, based in Scottsdale, Arizona, said it expects to finish construction on the property,…»