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Commercial Real Estate & Business News – March 16, 2021

A local investor bought the Days Inn & Suites Scottsdale North in Scottsdale, Arizona, and plans to renovate and rebrand the property as a boutique-style hotel to take advantage of the increasing number of entertainment and tourism options coming to the Phoenix suburb. Scottsdale-based…»
Phoenix offices are gearing up to reopen, and office owners are preparing to safely welcome employees back to the workplace. This includes creating safe and clean spaces—as many owners have already done throughout the pandemic—as well as preparing amenity spaces to safely return to some…»
Cities across the Sunbelt and Mountain West are experiencing the strongest tailwinds in the multifamily sector, as fewer job losses and fast-growing populations drive demand for quality rental products. A new report summarizing the multifamily investment forecast from Marcus & Millichap cites…»
Milhaus, a national award-winning developer, owner and operator of Class-A multifamily properties, announced its expansion into Arizona with Milhaus North Tempe, one of the company’s largest developments to date. The $91 million first phase of this planned two-phase $177 million development project, in a…»
If it seems like there is a constant stream of construction news coming out of the West Valley, you’re not mistaken. The West Valley has been a hot spot for mega-projects. From housing to industrial to hospitality, the West Valley is bustling with current construction projects. Here are some of the…»