Commercial Real Estate & Business News – May 17, 2022

Gilbert Ranks No. 1 for Office Construction in U.S.

The last 10 years were challenging. Beginning from the depths of the financial crisis and culminating with the beginning of one of the worst global health crisis in the last 100 years, the 2010s changed everyday life quite a bit — especially how and where we work. But data shows…»

More Renters are Renewing Leases as US Apartment Market Continues to Tighten

More renters are opting to stay put in their current units as rental rates continue to soar and inventory remains constrained. Richardson, Texas-based property-management software company RealPage Inc. recently found more than 57% of tenants in market-rate units with an…»

Fundamentals Remain Strong for Multifamily Sector


The multifamily sector had a strong start to the year, with record-breaking leasing activity, rent growth, and investment in the first quarter, according to CBRE’s latest industry report. In the first quarter, multifamily investment rose by 56% year over year to $63 billion, the strongest first…»

Affordable Housing Developer to Break Ground in West Valley on $205M Project

May 16 and 17 are going to be a couple of busy days for Owen Metz. The senior vice president and project partner of Dominium has been diligently working toward building affordable, workforce housing units in the Valley, despite pushback from certain municipalities at a time…»

Here’s how the Innovative Southern Arizona Economy is Thriving

The Wandering Albatross has one of the largest recorded wingspans of living birds, ranging on average from 8.2 feet to 11.5 feet. With such a wing extension, the Wandering Albatross not only covers a lot of ground but can also remain in flight much longer than most other flighted…»