Commercial Real Estate & Business News – July 26, 2021

The US commercial real estate sales market passed pre-pandemic levels in the second quarter, according to Real Capital Analytics. Activity in the second quarter surpassed the average deal volume trend for the second quarters in 2015 to 2019 by 14%, according to RCA. In addition, investment activity grew at…»

Texas-based developer Lincoln Ventures just bought land in downtown Phoenix for its third residential high-rise after breaking ground on student housing towers miles away in Atlanta, Georgia, and Austin, Texas. Lincoln plans to build Moontower PHX, a 26-story tower with 327 apartments, first-floor offices and…»

Even before the Covid-19 pandemic, industrial construction and leasing was moving full steam ahead in Phoenix and other large metros around the country. Once the pandemic hit, that energy was kicked into overdrive. “Industrial didn’t just pick up with the pandemic, it got launched off a battleship,” said...»

Arizona job growth exploded in June with the state adding 37,800 seasonally-adjusted jobs over the month. That was the largest gain since last June and was six times higher than average monthly job gains from 2015-2019.Over-the-month job gains in June were driven by…»

GLENDALE, ARIZONA — 303-NP Venture, LLC an affiliate of Clarius Partners, paid $23,357,452.55 ($5.43 PSF / $236,555 per acre) to purchase approximately 98.74 acres of industrial zoned land at the northeast corner of the Loop 303 and Northern Parkway. The property will be used for...»