Commercial Real Estate & Business News – July 20, 2023

Low inventory may not be good for potential homeowners shopping for a home but it’s keeping builders feeling a bit more confident that there are buyers eager for new single-family homes. This was the conclusion from the National Association of Home Builders (NAHB)/Wells Fargo Housing…»

New documents have been submitted for high-end restaurants, retail and residential on a prominent corner of Scottsdale. Earlier this month, Stockdale Capital Partners filed plans for “Scottsdale City Center,” which is phase two of a mixed-use development in Old…»

With the ease of online shopping and the pandemic forcing folks indoors, the future of retail was hazy only a few years ago. Today, the outlook for the sector is brighter than expected. Avison Young’s quarter one (Q1) 2023 Phoenix retail market report notes that retail inventory (of spaces more…»

The Arizona Center, Phoenix’s original downtown entertainment destination located at 3rd Street and Van Buren, was recently sold for $27 million, according to Vizzda. In 2019, the retail and office center completed a $25 million makeover, which included new creative…»

​The former Mesa General Hospital building – where generations of Mesa residents were born or received cardiac care and other services – was demolished without fanfare in February and is slated to see new life as a 180-unit apartment complex. The northern portion of the property currently…»