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Commercial Real Estate & Business News June 20, 2019

Loop 202 Extension Could Create New Phoenix Employment Corridor, Experts Say The 22-mile Loop 202 South Mountain Freeway extension could give Phoenix the opportunity to create an employment scene like Chandler has in the Price Road corridor, economic development experts said at a Valley real estate forum.Lori Collins, deputy economic development director for the city of Phoenix, said the…»
Rapid Construction Catapults Arizona’s First Indoor Water Park Resort Toward Early Opening
Construction is moving faster than expected at Great Wolf Resorts Inc.’s latest water park and hotel, which is expected to open three weeks ahead of schedule outside Scottsdale, Arizona, as the state’s first private indoor water park. Chicago-based Great Wolf Resorts now plans to open the 350-room hotel and 85,000-square-foot indoor…»
Smart Buildings Will Upend the Tenant Experience at SFR and Multifamily Properties, IMN Panelists Say
Technology is set to overhaul the tenant experience at single-family rental (SFR) and multifamily properties, according to a panel held at the IMN RealTech Forum taking place in New York City this week. The panelists identified the following phases when technology can play a role: upgrading a property for a new tenant, finding…»
Nationwide Regional HQ, First Piece of Massive Valley Project, Heads to Council Vote
More details are emerging about Nationwide Mutual Insurance Co.’s regional headquarters, the first development in the insurance giant’s Cavasson project that will eventually bring nearly $1 billion worth of commercial development to North Scottsdale.According to plans submitted to the city of Scottsdale, Nationwide…»
Modest Housing Remains Out of Reach for Low-Wage Renters
The cost of a modest rental home is unattainable for many low-wage workers and extremely low-income renters, according to the 2019 Out of Reach report by the National Low Income Housing Coalition (NLIHC). There is no state, county, or metro area in the nation where a worker earning the federal or prevailing state minimum wage…»