Commercial Real Estate & Business News – July 11, 2022

In yet another confirmation that the days of sky-high multifamily rents are over, data from RealPage released this week shows that June rents came in lower than earlier this year in more than half of the major US metros the firm tracks…»

Zaterra, a new luxury community, developed, owned, and managed by multifamily housing leader, P.B. Bell is now open in Chandler. Conveniently located just south of the 202 and Arizona Avenue, Zaterra sits on more than 22 acres and is the…»

A local real estate development company bought land in the western Phoenix suburb of Buckeye for a planned apartment and single-family rental complex. Modus Development acquired just over 30 acres at the southwest corner of…»

Is the tide shifting for the white-hot industrial sector? Depends on who you ask. Rents are soaring, vacancy is at historic lows (especially in desirable port markets) and cap rates have compressed dramatically. But according to…»

Phoenix has weathered the past several years of turmoil in ways that few cities have been able to mimic, leading researchers to call it one of the most resilient cities across the globe. Coming in as the 20th most resilient city on the planet…»