Commercial Real Estate & Business News July 30, 2019

Rising Home Prices In Southwest Still Outpace Rest Of Country Home prices continue to rise nationwide. Numbers just released for May show Arizona and Colorado lead the nation in housing price gains. Compared to May 2018, housing prices are up 5% year over year. That’s according to the latest monthly House Price Index from the Federal Housing Finance Agency. “If I tell you there’s like…»
CapRock Partners Acquires Class A Industrial Asset in Phoenix
CapRock Partners, one of the fastest growing private industrial investment and development firms focused solely on the Western U.S., announced today it closed escrow on a 226,436-square-foot, Class A industrial property – known as Papago Distribution Center – in Phoenix, Arizona. CapRock, along with an institutional client advised by…»
BH Properties Heats Up Presence in Arizona with $55.3 Million Invested in Two Months
The nationally recognized commercial real estate investment firm BH Properties continues to increase its Arizona portfolio, acquiring three assets in Greater Phoenix since April. The company has invested approximately $55.3 million in the market in the past two months. BH Properties now owns 21 properties comprised of more than…»
Amazon Will Open 3rd Location in Goodyear
The City of Goodyear announced Amazon Logistics will open a Delivery Station location in Goodyear, Arizona.  This is the company’s third facility in the city limits, joining a fulfillment center and global operations center.  It’s expected to open later this year. The Delivery Station will power Amazon’s last-mile delivery capabilities to…»
Arizona Coyotes Officially Announce New Owner
The Arizona Coyotes are now officially under new ownership, and the new boss says he’s committed to keeping NHL hockey in Arizona. The closing of the transaction gives billionaire businessman Alex Meruelo controlling interest in the franchise from Andrew Barroway, who will keep a minority stake. The 55-year-old Meruelo is the…»