Commercial Real Estate & Business News – May 11, 2022

Phoenix’s Population Continues To Grow at Rapid Rate

Phoenix’s population grew by nearly 80,000 in 2021, or 1.6% annually, according to the latest U.S. Census Bureau data. Residents priced out of costly markets are the driving force behind this trend…»

Lincoln Property Plans $515M Industrial Megaproject

LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Co., acquired 140 acres of land for $53 million in Glendale, Ariz., where it will build a $515 million, 2.3 million-square-foot industrial development. The company plans to construct three buildings of…»

New Outdoor Shopping Mall With up to 60 Stores, Restaurants Planned for West Metro Phoenix



Hoping to fill a retail and entertainment void in the far West Valley, developers Vestar and DMB Associates have announced a new open-air mall at Verrado Way and Interstate 10, at the entrance to the Verrado master planned residential community…»

Same Project, New Name for Downtown Site


The Transform 17 downtown revitalization project has transformed its name: The project will now be known as Nexus.“We shall not use ‘Site 17’ again,” Downtown Transformation Manager Jeff McVay told…»

Scottsdale Developer to Build 1,200 Build-to-Rent Units With Prefab ‘Net Zero’ Technology

Scottsdale-based Modus Cos. has a new twist on the build-to-rent phenomena that is taking the country by storm. Known for developing “net zero” communities across the country, Modus is teaming up with…»