Commercial Real Estate & Business News – May 10, 2022

Arizona Economic Developers Optimistic About Growth Opportunities

The Arizona Association for Economic Development announced the results of its State of Arizona Economic Development survey at its recent spring conference. AAED surveyed its membership of more than…»

Real Estate Company Acquires 140 Acres Near Luke Air Force Base

PHOENIX — A real estate company completed the purchase of 140 acres of land near Luke Air Force Base for a new industrial project called Luke Field. LPC Desert West, a branch of the Dallas-based company Lincoln Property, completed the land acquisition for…»

One of Nation’s Largest Homebuilders Closes on $42.5M Parcel in Queen Creek



Lennar Corp. paid $42.5 million for land in Queen Creek, with plans to build 281 homes. The Miami-based homebuilder bought the entire third and final phase at Madera, a 310-acre master-planned community being developed by…»

ASU Economist Says High Inflation Due to Housing Market Spikes 


According to the U.S. Bureau of Labor Statistics, the Phoenix area experienced the highest rate of inflation of any metropolitan area over the past year. The average consumer price index increase from…»

Here’s How the Metrocenter Transformation is Taking Shape

Plans for the transformation of the former site of Metrocenter Mall — one of metro Phoenix’s first major malls — are taking shape. A development group’s plans for the Metrocenter Mall’s site include multifamily housing surrounding a…»