Commercial Real Estate & Business News – May 20, 2022

LA Investor Buys 61st Property in Metro Phoenix, With Appetite for More

Tides Equities LLC just closed on its 61st multifamily property in metro Phoenix, with an appetite to buy more in the Valley.Since entering the market in 2016, the Los Angeles-based investor has spent more than…»

Annual Rent Growth Sees Another Significant Jump in April


Multifamily rents aren’t seeing a slowdown yet, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate rose $15 in April—$30 over the past two months and  …»

Investors Double Down on Apartments With Latest High-Dollar Purchases in Tempe, Arizona



Two more apartment complexes traded this week in Tempe, Arizona, the latest of roughly two dozen multifamily properties purchased mainly by out-of-state investors this year in the Phoenix suburb. Ideal Capital Group, an investor based in    …»

Here’s What is Fueling the Tempe Economy

On May 17, 2022, Tempe Mayor Corey Woods kicked off AZ Big Media’s inaugural Fueling the Economy event, underscoring the economic growth happening in one of Arizona’s premier cities. During his presentation, Woods touched on    …»

Opendoor to Expand Tempe Office to Regional Hub, Add 500 Jobs

PHOENIX – Online real estate seller Opendoor announced Wednesday the addition of 500 jobs as it expands its Tempe office to a regional hub. The 100,807-square-foot space in the Watermark at Scottsdale Road and Loop 202 Red Mountain will be    …»