Commercial Real Estate & Business News – November 22, 2022

Tempe Releases Full Details of Proposed Coyotes’ Arena Development Agreement

Over the next two weeks, Tempe City Council will consider a development agreement with the Arizona Coyotes to build an arena and entertainment district on the northeast corner of Rio Salado Parkway and Priest Road, but according to public documents, the…»

Caliber Will Develop 100-Acre The Riverwalk Project Near Scottsdale

Caliber, a fully integrated alternative asset manager and Opportunity Zone investor today announced the purchase of the lease rights for 100 acres of land to begin developing The Riverwalk Development project, located in the…»

San Francisco Firm Buys Northeast Phoenix Apartments for $79 Million

Private real estate investment firm Hamilton Zanze acquired Crestone at Shadow Mountain, a 248-unit apartment complex on 15 acres in northeast Phoenix. The San Francisco-based firm paid just over $79 million for the complex at…»

Apartment Conversions Beat Out Ground-Up Construction

A July 2022 report issued by the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) indicated that the United States needs 4.3 million additional apartments by 2035 to meet the expanding need for housing. One key to this…»

How Manufacturers, Product Distributors are Competing for Industrial Talent in the Valley

Labor has become an even more critical piece of the puzzle for industrial tenants, but experts say the U.S. has more jobs than it does workers. More warehouse, manufacturing, transportation and utilities jobs have come online since...»