Commercial Real Estate & Business News – March 22, 2022

Some of the Valley’s newest office buildings are scoring notable new leases, even before they finish construction. Phoenix-based RED Development’s office project, called the Grove, on 44th Street and Camelback, secured a 36,000-square-foot lease from…»
The recent rate hike by the Fed will “ultimately benefit” commercial real estate on a long-term basis, according to a pair of industry experts. “The fundamental intent is to reduce the risk that elevated inflation will become entrenched, forcing the Fed to hike rates more…»
A technology startup that matches buyers and sellers of used semiconductor manufacturing equipment has expanded its corporate headquarters at a new office tower in Tempe, the latest sign of greater Phoenix’s rising prominence in the…»
Phoenix-based Unbound Development set the table for a large-scale industrial development near Phoenix Mesa Gateway Airport and recently completed a transaction with Greystar, who will now finish the process. Unbound sold the 154 acres consisting of…»
Phoenix was named the No. 2 top growth market in North America for large-warehouse leasing activity, following Houston, with 10.5 percent of its inventory absorbed in 2021, according to a new report from CBRE. Transactions nationwide for…»