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Commercial Real Estate & Business News – May 24, 2024

Developer to Breathe New Life into Abandoned Phoenix Golf Course, Build 415 Homes

An abandoned golf course at the southeast corner of 59th and Southern avenues in Phoenix’s Laveen Village could get a new lease on life, after years of intense talks between the property’s owner and community residents. “It’s not fair to call it a golf course,” said Adam Baugh...»

Will New Arizona Housing Laws Mean More Duplexes, Casitas in Your Area?

Arizona cities could get more dense developments without zoning fights, and tiny backyard homes will become much easier to build due to two bipartisan housing bills signed by Gov. Katie Hobbs on Tuesday. Several pieces of legislation have been introduced to tackle Arizona’s…»

Commercial Real Estate Tells A Tale Of Resilience And Adaptation As It Thrives Despite Challenges

The commercial real estate forecast for the year’s second half remains predominantly upbeat as multifamily, retail and industrial properties maintain strong performance. However, potential hurdles loom ahead. According to a May 6 report by J.P. Morgan Chase, persistently…»

Multifamily Rents Spiked in These Cities

Across the nation in April, median asking rents for units of all sizes fell year over year. Parts of the Midwest, however, did not get the memo, and rents rose, according to Realtor.com’s April rental report. In Nashville, rents for 0-2 bedroom apartments plummeted 8.4%, with…»

Former Tempe Chompie’s Could Be a New Chick-fil-A

A new Chick-fil-A location appears to be hatching in Tempe, at the site of a long-time restaurant that closed more than a year ago. Earlier this month, the Tempe Development Review Commission approved two use permit requests that will allow a proposed Chick-fil-A location to be…»