Commercial Real Estate & Business News – March 10, 2023

Four Areas Lead the Way in Phoenix Region’s Apartment Building Boom

The Phoenix region is fresh from an unprecedented apartment building boom that peaked in the last quarter of 2022, and recent statistics suggest that the wave of new supply has outrun demand, an imbalance that could become…»

Ironwood at Happy Valley Sells for $90.3M

San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 296-unit Ironwood at Happy Valley (formerly known as Springs at Deer Valley) apartment community in Phoenix. The $90.3 million purchase marks the firm’s…»

5 Arizona Office Submarkets Among Top 100 Most Expensive in U.S.

In the newest report published by PropertyShark, which ranks the country’s 100 priciest office submarkets by sale price per square foot, five Arizona office submarkets are among the Top 100 most expensive per square foot in 2022…»

Fed’s Beige Book: CRE Activity Remains Steady

The Federal Reserve released its February 202 Beige Book on Wednesday. The good news is … things haven’t gotten horrible. Which may not seem a big comfort, but the way things have been seemed to head — with…»

New Owner Formally Submits Plans to Transform

After much public outreach, Scottsdale-based Walton Global, a real estate investment and land asset management company with US$3.4 billion under management, has submitted an application with the Town of Paradise Valley to…»