Commercial Real Estate & Business News – March 2, 2021

Apartment rent trends may have hit a new stride. The Apartment List national rent index increased by .7% month-over-month in February, the largest monthly increase since June 2019. The increase also represents the second consecutive month of rent growth, a possible turn in the downward…»
The Phoenix residential real estate market is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation’s largest metros, according to Zillow’s latest market report. Extreme demand driven by exceptionally low mortgage rates,…»
A 240-acre site on the west side of the Loop 202 South Mountain freeway extension is being primed for a large-scale industrial development, which the development team said will further the city of Phoenix’s goals to have a technology corridor along the region’s newest freeway. “The introduction…»
The migration of thousands of apartment dwellers from New York, Los Angeles and other major cities to cheaper alternatives in suburbs or lower-cost areas like Denver and Phoenix during the pandemic is spurring major multifamily developers and investors to follow the renters. Executives at some of the nation’s…»
Jackson Dearborn Partners, a real estate investment and development company based in Chicago, announced the formal groundbreaking of Solace at Ballpark Village, a 211-unit multi-family development in Goodyear, AZ. This project is being developed in partnership with Sub4 Development, a construction…»