Commercial Real Estate & Business News – March 3, 2023

A dream more than 10 years in the making for a Valley biotech innovation hub is finally coming to fruition. Mayo Clinic has submitted its zoning application with the city of Phoenix to develop Discovery Oasis, a 120-acre medical and…»

LaSalle Investment Management, an independent subsidiary of JLL, bought a 240-unit apartment complex near Chandler as out-of-state investors keep snapping up multifamily properties in greater Phoenix. LaSalle paid…»

The rising cost of capital has stalled most commercial real estate development in 2023. Unless projects were already underway or financing had been secured, there will be few projects started, according to John Chang, senior vice president of…»

If you’ve recently searched for a rental and got the feeling that new apartments are getting tinier, you got it right. According to our new analysis, the average size of newly built apartments has decreased by 54 square feet – from…»

The Valley was one of the most resilient areas nationwide during the pandemic, a new report by the Brookings Institution shows. Brookings on Feb. 28 released its Metro Monitor 2023, a report that offers a comprehensive look of…»