Commercial Real Estate & Business News – May 11, 2022

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…»

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…»

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…»

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-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…»