Commercial Real Estate & Business News – May 3, 2022

Charleston, South Carolina-based Greystar Real Estate Partners LLC is proposing to build a $500 million mixed-use project in a historic area of the West Valley. Plans for the project, dubbed Peoria Place, include nearly 1,200 apartment and housing units with…»

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced that a CIM-managed fund has closed a $147 million loan to Crown Realty & Development secured by Adeline, a recently…»

Costco Wholesale Corp. (Nasdaq: COST) has a store under construction in Queen Creek, with an expected opening this fall. The 165,000-square-foot project, complete with a gas station, is being built on 13 acres at the northwest corner of…»

After soaring prices and record-high transaction totals in the fourth quarter, real estate investors cut back on spending in the first few months of this year. The shift hit apartments hardest, the only sector in which property values slipped, new CoStar data shows…»

“We are seeing an industrial technologies renaissance, led by semiconductor companies like Taiwan Semiconductor Manufacturing Company building a massive campus in north Phoenix and Intel expanding with Fab 52 and Fab 62 in the southeast Valley that…»