Commercial Real Estate & Business News – July 13, 2022

26-Story X Phoenix II Breaks Ground in Downtown Phoenix

Today, Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, celebrated the groundbreaking of X Phoenix II, a new 26-story mixed-use residential high-rise located at 201 W. Van Buren in Phoenix’s downtown core…»

CRE Property Prices Down 4.9% From Recent Highs


It’s hard to remember that basic truth of Newtonian physics that what goes up, unless snagged by a high-flying eagle, eventually returns under force of gravity. On the whole, that’s what happened to commercial real estate property prices according to…»

Data Center Giant Owned by Blackstone Eyes Major Expansion in Phoenix Metro

Data center giant QTS Realty Trust recently closed on a massive, nearly 400-acre property in the West Valley. The Overland Park, Kansas-based firm purchased the site for $255 million, or about $653,409 per acre, from…»

Here Is The Impact of Inflation on the Arizona Housing Market

The United States is experiencing record-high inflation levels. Arizona continues to be an epicenter for inflation due to the increase in housing prices during the COVID-19 pandemic. Arizona’s economy is experiencing a ripple effect because of the…»

Valley Housing Market Dashing Toward Balance

The Valley’s leading analyst of the Phoenix Metro housing market is predicting the entire region could see a balanced market – with supply meeting demand – by September. Buckeye is already there and Queen Creek and Maricopa should be…»