Commercial Real Estate & Business News – May 2, 2022

A staple event in downtown Phoenix is expanding and moving to a new location this May, but it’s not going far. The Downtown Phoenix Farmers Market, which is managed by nonprofit Community Food Connections and sees an estimated…»
BEVERLY HILLS, CA – Global real estate investment company Kennedy Wilson has purchased three multifamily communities in three separate, off-market transactions totaling $418 million, excluding closing costs. The wholly-owned properties total 1,110 units and include the…»
Another homebuilder is getting into the wildly popular build-to-rent space, where a hybrid model of detached single-family rental units are built within highly amenitized communities. These build-to-rent communities are…»
Scottsdale, Arizona-based multifamily investor, developer and manager MC Companies has announced it will develop Arroyo Verde, a $39.6 million, 156-unit Class A multifamily development in the suburbs immediately north of Tucson, Arizona, where…»
As investors nationwide pour record billions into rental properties, three Mesa apartment complexes over the past three weeks have changed hands in eight-figure deals while a dead strip mall is giving way to a 373-unit complex. Cushman & Wakefield said…»