Commercial Real Estate & Business News – May 13, 2022

Phoenix No. 1 in West for Year-over-Year Rent Increases at 15.6%

The U.S. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter, according to  …»

Developer Looks to Build Huge Mixed-Used Project in Historic Area of Phoenix

A once-historic site in downtown Phoenix is set to become another massive mixed-use project with a towering residential and retail building totaling about 1 million square feet. Documents submitted   …»

JLB Partners Sells Scottsdale Multifamily for $260M



SCOTTSDALE, AZ – JLB Partners has sold the 369-unit multifamily property, The Moderne, in Scottsdale, AZ for $260 million.The transaction represents the largest single-asset core multifamily sale in  …»

Valley Inflation Continues to Lead US at 11%, Economists Point to Housing


PHOENIX – Inflation nationally slowed in April but remains in double figures in metro Phoenix, according to the Bureau of Labor Statistics and two local economists say it’s no mystery why. The rate of inflation in  …»

How Metro Phoenix Transportation Infrastructure is Transforming Economy

When you think about transportation throughout Greater Phoenix, what comes to mind? For some, it might be whatever highway is nearest you — the I-10, Loop 101, Loop 303, or I-17. Or, maybe it’s the light rail or   …»