Commercial Real Estate & Business News – May 26, 2023

Arizona is Home to 2 of the 15 Fastest-Growing Cities in U.S.

Large cities have populations of 50,000 or more, based on the May 18 U.S. Census Bureau population estimate release for cities and towns. Population increases in Texas dominated the top 15 fastest-growing large cities in the U.S., with six cities taking spots…»

Developer Secures Large Loan for Multibillion-Dollar Tempe Town Lake Project

The developer of South Pier along Tempe Town Lake has secured a hefty loan to finance the completion of the first phase of the mixed-use project. The multibillion-dollar mixed-use project from developer South Pier Tempe Holdings LLC, an entity of…»

Mall of Pickleball Courts To Debut in Arizona With National Expansion On Deck

A portion of the Arizona Mills mall in Tempe, Arizona, will be converted into an indoor pickleball venue by a company called Picklemall in the first of up to 50 locations it wants to open nationwide within the next two years. The Tempe location with 24 pickleball…»

4 Rural Development Projects in Arizona get Federal Funding

PHOENIX — Four rural development projects in Arizona are set to receive federal financial assistance to improve infrastructure in state communities, officials announced Monday.The loans and grants will be distributed by the U.S. Department of Agriculture in…»

29SC Acquires Solaire on Scottsdale Apartments

TEMPE, AZ–29th Street Capital (29SC) acquired Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ. Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A location. According to a prepared release, the community offers…»