Commercial Real Estate & Business News – July 12, 2022

Inbound Migration, Commercial Real Estate Rent Growth in Phoenix to Continue, Report Says

A growing population has brought a higher cost of living in Phoenix. And that growth trend is showing little sign of slowing down, with a new report suggesting that as the population swells, the Phoenix metro could draw more interest from…»

Apartment Complex in Phoenix’s Surprise Suburb Sells for $85 Million


A Colorado multifamily firm sold an apartment complex in Surprise, Arizona, for $85 million, more than three times what the seller paid to acquire the 256-unit complex outside Phoenix nine years ago. Tailwind Investment Group, a…»

San Antonio Developer Expands Footprint in Phoenix Area

Embrey, a San Antonio, TX-based vertically integrated real estate investment company, has closed on land in Goodyear, Arizona, the future home to the Senna at Canyon Trails multifamily community. With this development…»

Falcon Field Taking Off With $150M Expansion

Developers are halfway into a $150-million, 750,000-square-foot expansion at Falcon Field in northeast Mesa, further filling in what precious little open space remains at the city-owned general aviation site. Mesa Hangars LLC Manager Randy Hansen, who has…»

San Antonio-Based Embrey Closes on Land for New Development Near West Valley Retail Center

San Antonio-based Embrey Partners Ltd. has closed on land in Goodyear, where it plans to build an apartment community. The local commercial real estate investment company is developing the Senna at Canyon Trails, a…»