Commercial Real Estate & Business News – July 27, 2022

21-Story Mixed-Use Tower Proposed for Tempe

A Dallas-based developer has proposed a 21-story mixed-use tower near Tempe Town Lake.Lincoln Property Co., through its Denver office, is developer of the proposed project, dubbed Lincoln South Bank. Phoenix law firm Snell & Wilmer submitted…»

Old Town Scottsdale Land Sells for $323.77 Per Square Foot


Nick Miner, CCIM of ORION Investment Real Estate, reports representing the buyer of the +/- 2,200 square foot commercial lot in Old Town Scottsdale for $700,000.00 or $323.77 per square foot. The lot is located just west of…»

US Rebound in Apartment and Condo Construction Seen Slowing Later This Year

The rebound in U.S. apartment and condominium construction, a sign of strength for the nation’s multifamily sector, is projected by one of the nation’s biggest mortgage lenders to slow through the rest of the the year. The Commerce Department reported…»

Hollywood Film Studio Announces Major Production Complex in the Valley

Acacia Filmed Entertainment has signed a commercial development agreement to build a film studio and production training facility in the Valley, the company announced Monday. Earlier this summer, Arizona Gov. Doug Ducey allowed a bill that…»

Camelback Collective Sells for Record $573 Per SF

Holualoa Companies and LaPour Partners have sold the recently-constructed, 115,000 square foot, Class A office building in the Camelback Corridor to Oklahoma City-based Humphreys Capital for $66,350,000. Camelback Collective also includes the…»