Commercial Real Estate & Business News – March 4, 2021

Arizona State University often touts its annual U.S. World News rating as the number 1 university in the world for “innovation.” But what does that really mean? How does this concept fit into Arizona’s economic outlook? Michael Porter, a Harvard professor who has dedicated his career to…»
9.8 acres of commercially zoned land located at the SWC of Litchfield Road and Sweetwater Avenue in Surprise traded recently for $1,113,306 or $2.61 per square foot, plus $0.48 per square foot additional to pay to Surprise at the time of development for road improvements…»
YAM Properties, the Scottsdale-based real estate investment and development group of businessman Bob Parsons, has welcomed more than 30 new tenants across various commercial properties during the past few months. The new occupants include restaurant, entertainment and corporate tenants…»
Phoenix topped the list of cities across the nation with the most eviction filings during the coronavirus pandemic, according to a new study by the United Way. The report, conducted by the Eviction Lab at Princeton University, shows Phoenix had 16,685 eviction filings in the past…»
An affiliate of an apartment investment firm paid $64.5 million for Village at Aspen Place in the scenic and mountainous Northern Arizona city of Flagstaff. The entity formed by Cypress, California-based NNC Apartment Ventures paid roughly $290,540 per unit for the 222 apartments at 601 E.…»