Commercial Real Estate & Business News – May 4, 2022

Inflation Means Different Things to Developers, Investors, Tenants

Not that we needed it, but last week we received another indicator that inflation was on the rise when the Bureau of Economic Analysis reported that the personal consumption expenditures price index rose 6.6% over the…»

Affordable Housing Developer Plans Two Apartment Complexes in West Phoenix

A Minnesota affordable housing developer is planning two apartment complexes that could bring lower-cost housing to Phoenix, where rents are rising at a double-digit annual rate. Dominium Management recently paid…»

Arizona Ranks No. 4 Among Best States for Business



Arizona climbed the rankings of yet another economic survey this week, placing in the top 4 in Chief Executive Magazine’s list of “Best States For Business.” Arizona rose six spots from 2021 based on a survey of nearly…»

Texas Developer Buys Land in Queen Creek for 55-plus Rental Community

Austin, Texas-based Sparrow Partners has closed on an 8.5-acre parcel in Queen Creek, with plans to build a $54 million active adult community. The 199-unit 55-plus community at the northwest corner of Ironwood and Ocotillo roads will be…»

Home Prices are Zooming Up. Is There Anything That Could Slow the Market?

Metro Phoenix home prices continue to soar to new records, and sales are climbing again. Corporate investors are buying even more Phoenix-area houses to turn into rentals than they did last year, pushing the housing market to new peaks…»