Commercial Real Estate & Business News – March 17, 2022

Food and beverage powerhouse Nestlé USA said Wednesday it plans to build a $675 million factory in Glendale to make creamers, including those based on oat milk, for Coffee mate, Starbucks and other brands. The facility is estimated to bring…»
Following its record-breaking sale of Park303 Phase I, LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Co., has kicked off construction of Park303 Phase 2. The new phase will bring nearly 2.5 million square feet in three new…»
PHOENIX — You’ve probably heard of rent control, which puts a ceiling on how much the price can be increased. It’s an idea that may be on the minds of some Arizonans with the cost of rent rising so sharply over the past few years. Rent control isn’t found…»
Late last year, San Antonio-based Lynd Living flipped an apartment building in just eight months for $15.5 million more than it paid. After spending $4 million on renovations and upgrades at Aqua Villa, a 280-unit garden-style community in…»
Slow and steady is the best way to describe the office recovery. The path out of the dislocation caused by the pandemic began last year as companies returned to the office and began to make long-term workplace plans. In 2022, the office sector will…»