Commercial Real Estate & Business News – May 25, 2022

Here’s how West Valley Healthcare Development is Booming

Certain birds of prey are known for their incredible vision. Our very own Sonoran Desert dweller — Harris Hawk — not only registers objects at incredible speeds but also possesses acute vision of varying light waves. Much like the…»

‘We’re At The Precipice’: Why This Business Group is Taking on NIMBYism in Metro Phoenix


At least 30 apartment developments stalled or were shelved across metro Phoenix in 2021 due to not-in-my-backyard-ism, zoning issues and political backlash. That’s an industry estimate from apartment experts and includes projects spanning from…»

Multifamily’s Dry Powder Is At A Record High



If you thought the first quarter’s $63 billion in multifamily sales was a lot, consider the dry powder that is still waiting on the sidelines for this asset class. According to Newmark, it is a record $250 billion. That equates to over…»

West Valley City Approves Expanding Foreign Trade Zone Site in Industrial Corridor

The city of Goodyear is looking to expand its foreign trade zone sites, which significantly reduces property taxes, in a growing industrial corridor in the West Valley. The 113-acre property is known as Prologis 303 Business Park and is located on the…»

Redevelopment Plans Unveiled for Iconic Midtown Phoenix Office Complex

A famous mid-century office building in midtown Phoenix will soon become part of a mixed-use campus with new housing, amenities and an outdoor park for the community. Formerly known as the Phoenix Financial Center, the Punchcard Building was developed…»