Commercial Real Estate & Business News – June 14, 2022

Job Numbers Outpace Housing Permits

The National Association of Realtors and report an ongoing shortage of housing in the United States. A just-released report from CONTI Capital added an extra dimension to the discussion, indicating that housing construction permits aren’t…»

Projects Slated for Last of GM Proving Grounds


A large part of southeast Mesa’s economic explosion has centered on the 5,000 acres that formerly served as the General Motors Desert Proving Grounds for over 50 years. GM used the land to test vehicles and components in…»

SkySong Offices in Scottdale Are for Sale as Biggest Building Still In The Works

As the developers of SkySong prepare to construct the largest office building planned for the campus in Scottsdale, the ownership group is looking to sell the existing office buildings, or sell stake in them and add a new investor. SkySong, which was…»

Lucid Motors Leases Space, Expands In The East Valley

Lucid Group Inc. (Nasdaq: LCID) has signed a lease for more than 116,000 square feet of industrial space in Tempe. Cushman & Wakefield’s Phil Haenel, Mike Haenel and Andy Markhamrepresented the landlord, TA Realty, as the three looked to…»

Regulation Accounts for More Than 40% of Multifamily Development Costs

Regulation imposed by all levels of government accounts for an average of 40.6% of multifamily development costs, according to joint research released by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NHMC)…»