Commercial Real Estate & Business News – June 24, 2021

Oxford Economics compiles measurements of various parts of the economy to create its “Recovery Tracker.” The index has been showing steady gains so far this year. The index is developed by University of Oxford and Blavatnik School of Government to…»
RED Development has begun construction on its newest project in Phoenix, the $300 million development dubbed The Grove. The 15-acre, mixed-use property will be located at the corner of 44th Street and Camelback Road. The Grove will include three office buildings,..»
47.1 acres of land in Apache Junction, located at Idaho Road, Old West Highway, and Apache Trail sold this past week for a total of $5,800,000 across four separate transactions, which breaks down to $2.83 per square foot for the total land area. Nick Miner, CCIM,…»
A Scottsdale-based international real estate asset management company that owns 81,000 acres nationwide is making a big play for the wildly popular build-to-rent home market.Walton Global Holdings — which last year moved its headquarters to Scottsdale…»
After breaking from its upward trend in April, new home sales fell 5.9 percent to a seasonally adjusted annual rate of 769,000 in May, a one-year low. New home sales are still up 9.2 percent year over year but have been falling month to month since March,…»