Commercial Real Estate & Business News June 21, 2018

When Norman Brody, president of Brody Associates Inc., moved to the Phoenix area last year from South Carolina – where he completed a mixed-use project with medical, retail and restaurants, hotel and residential – he started looking for ways to develop a similar project here.…»
Pension funds still have a healthy appetite for commercial real estate, with firms raising allocations even as industry returns decline. “Institutions with large portfolios don’t turn on a dime, but there has definitely been a trend upwards in terms of allocations to real estate over the last five, six, seven years,” says Greg MacKinnon…»
The city blocks between the sevens throughout downtown, midtown and uptown Phoenix are no longer day-time communities after more than a decade of investments into the area. The region between Seventh Avenue and Seventh Street has become an urban epicenter, attracting jobs, restaurants, venues, events and residents as developers have refurbished…»
David Weekley Homes has $95.5 million of area construction projects on its plate this year. “We already opened two communities this year, and we have another eight communities coming on line the rest of the year,” said Mark Weber, division president for the homebuilder’s Phoenix market. “The goal is to open about 10 communities this year.”…»
Very few people can match Karrin Taylor Robson’s connection to downtown Mesa. Young Karrin Kunasek grew up on 2nd Avenue and celebrated her only birthday party as a child at Pioneer Park. Her brother Andy was born at Southside Hospital, which is now home to Benedictine University’s Mesa campus.…»