Commercial Real Estate & Business News – March 6, 2020

Amenity-Rich Lobbies are Becoming a Differentiator for Apartment Assets
The first floors of many new apartment buildings have become bustling spaces boasting the best amenities. More akin to hotel lobbies, these spaces are rapidly becoming a selling point from developers hoping to lure tenants in competitive markets…»
Office Developers Ramp Up Construction in Phoenix’s Premier Submarket
The Tempe, Arizona, construction pipeline is stocked with speculative projects as developers work feverishly to meet the overwhelming demand for office space. Tempe has become a nationally recognized office hub, known for its top-tier product, the presence of Arizona State University, lakeside views…»
An Update on Bill Gates’ New Smart City in Arizona
A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Through his subsidiary Mt. Lemmon Holdings, the billionaire spent $80 million to purchase more than 24,000 acres of land with plans to build a smart city…»
Why Phoenix Keeps Attracting Southern California Residents
Affordable rental rates and home prices in metro Phoenix continue to attract Southern California residents in droves, according to a report by the University of Southern California Lusk Center for Real Estate. While it’s no surprise to local real estate experts…»
Health Care Tempe’s Bio Innovation Hub Kicks Off With First Tenant Opening
One of the largest medical technology companies in the world has made the new IDEA Tempe campus its new home, with plans to hire more as the company grows. BD Peripheral Intervention has leased four of six floors in the building recently completed…»