Commercial Real Estate & Business News – July 15, 2021

The five C’s of Arizona — copper, cattle, climate, cotton and citrus — have a long history of being the pillars that held up the state’s economy. Today, there is a new C that is driving the state’s growth: construction. After an initial dip in business during the first wave of…»

Developers continue to roll out big plans for industrial construction on both the east and west sides of the Valley. In Mesa, a joint venture between Ryan Cos. and DWS is planning to begin construction in August on a speculative light industrial park called the Confluence at Mesa Gateway, which will…»

Global investment firm KKR & Co. paid $150.5 million for a 332-unit apartment complex in Scottsdale, Arizona, the second-largest deal this year in Phoenix’s high-flying multifamily market. New York-based KKR paid $453,313 per unit for The District at Scottsdale, built in…»

The people involved in this deal could not be more thrilled to recognize how monumental this announcement is for the town and the community. It will be a catalyst in attracting more people to the thriving real estate market in the east valley…»

The average asking price per square foot across all asset classes was stable in June, suggesting market growth will continue a consistent growth trajectory, according to new data from Crexi. The average asking price in June was down 1.52% over May numbers, though asking prices…»