Commercial Real Estate & Business News – November 2, 2022

Orion Investment Arranges $24M Sale of Montana on Butler Apartment Community in Phoenix

PHOENIX — Orion Investment Real Estate has brokered the sale of Montana on Butler, a multifamily property located on Butler Drive in Phoenix. Artisan Prime, a joint venture between Beverly Hills, Calif.-based Artisan Capital and Newport Beach, Calif.-based…»

100,000-Home Teravalis Breaks Ground in Buckeye

The Howard Hughes Corporation has broken ground on Teravalis, a 37,000-acre mixed-use master planned community in Northwest Buckeye projected to include 100,000 homes and 55 million square feet of commercial development. Teravalis, previously known as…»

Air Conditioning Company, Another Firm Sign Major Industrial Leases in the West Valley

A new 897,315-square-foot industrial park in Glendale has secured two tenants for more than half of the facility along the Loop 303 next to Walmart’s distribution center. The newly completed Latitude 303 Logistics will house Texas-based Lennox, an…»

South Scottsdale Mixed-Use Project Completes Completion, Eyes Office Tenants

Nearly 250,000 square feet of new office space is on the market for lease as the mixed-use project Scottsdale Entrada has completed construction. Build-out of the south Scottsdale office building completed in July, said Jerry Noble, market officer for…»

JPMorgan Chase Starts Apartment Payment Platform

JPMorgan Chase has entered the proptech industry with rent payment software targeting the multifamily industry, particularly smaller landlords that are unlikely to have existing management systems. A look at the site for the product, which is called Story, shows…»