Commercial Real Estate & Business News – March 3, 2022

Irvine, California-based The New Home Company Inc. paid $21.33 million for land in Surprise, positioning itself for new growth in the area spurred by a massive semiconductor plant being built in north Phoenix. Plans call for building 667 homes north of…»
Many prospective homebuyers continue to be priced out of the housing market, and the depleted level of for-sale inventory suggests that this year will remain a seller’s market. But while sales of new homes continue to be plagued by construction delays, sales of…»
21 acres of land located on the southwest corner of 99th Avenue and Indian School Road in rapidly growing Avondale sold this week for $9,400,000 or $10.28 per square foot. Business partners Linda Fritz-Salazar and Angelessa Ritchie, represented the buyer…»
Full-service investment, development and management firm ViaWest Group, along with the City of Phoenix and leading local general contractor Stevens-Leinweber Construction (SLC), has broken ground on Airport 48 Industrial, a 146,526-square-foot, Class A industrial…»
Between people looking for more space and major demographic shifts from north to south, housing has been a strong market during the pandemic. That continues, but there’s a shift in dynamics, according to a report from the National Association of Home Builders…»