Commercial Real Estate & Business News – March 17, 2021

Happy St. Paddy’s Day!

Tempe residents and city officials hope a recently approved apartment complex north of Loop 202 could jumpstart redevelopment on a county island dotted by a strip club, a pawn shop and scrap-metal shops. At the least, it takes a 17-acre chunk out of the 70-acre county island, as the city annexed…»
“The top commercial real estate markets that are expected to outperform the rest of the nation are generally affordable and able to draw new residents with a greater flexibility to work from home,” said NAR’s Chief Economist Lawrence Yun. “These growing markets also offer much lower office…»
This time last year many were scrambling for toilet paper or naively assuming work-from-home would last for two weeks, tops. Twelve months later and major Valley employers say their plans to return to offices remain unaltered and they’re doing the utmost to keep their employees safe, which…»
In most cities, the expansion of an office park would fall into the “no big deal” category. Not in Mesa. Neighbors heatedly oppose a request by a developer for an office building and garage near Riverview that Mesa City Council is scheduled to vote on at its virtual meeting at 5:45 p.m. Monday,…»
Milhaus, a national award-winning developer, owner and operator of Class-A multifamily properties, today announces 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 development project, in a…»