Commercial Real Estate & Business News – June 30, 2022

Washington Developer to Build 3,500 Valley Apartment Units — To The Tune of $1B

IDM Cos. has $1 billion in apartment construction plans on its drawing board. The Vancouver, Washington-based developer now has 3,500 apartment units under construction and in the development pipeline across…»

High Street Sells for $172 Million


Rood Investments acquired the highly desirable High Street in North Phoenix for $172,103,940, according to Vizzda, the commercial real estate tracking site. The deal included the…»

Multifamily Rent Growth Continues to Outpace Inflation

Real estate has long enjoyed the reputation as an inflation hedge. According to data and analysis from JLL, even with the spikes in CPI the US has been experiencing, that statement remains…»

Arizona State University International Students Struggle to Afford Rising Rents in Tempe

As rental prices in metro Phoenix have skyrocketed, some of Arizona State University’s best and brightest find themselves barely able to scrape by. Garima Jain is an international student originally from…»

Nation’s Biggest Apartment Manager Starts Its First Industrial Development in Arizona

Greystar Real Estate Partners, the nation’s largest privately owned apartment manager, is making good on its plan to join the fast-growing list of companies expanding into the in-demand industrial development business…»