Commercial Real Estate & Business News – November 24, 2020

Largest Build To Rent Housing Community in Nation Sells in Phoenix
Apartment demand in the third quarter approached a record-high in Phoenix, and rent growth is outstripping the national average. But early indicators suggest the strong performance may start to soften. Thousands of luxury apartments are underway, the state’s eviction moratorium has expired and rental…»
The Related Group Breaks Ground on First Project in Arizona In Features
The Related Group, an international developer known for its sophisticated metropolitan ‘for-sale’ condominiums, rental and mixed-use projects, announced the groundbreaking of their first multi-family project in Arizona called The Manor Scottsdale. Located at 13220 N. Scottsdale Rd. in Scottsdale, Ariz., the…»
A Look Inside the Central Phoenix Boom in Healthcare and Bioscience
In Phoenix, the nation’s fifth largest city, a unique hub for healthcare and bioscience industries is rising in a revitalized part of the community. Phoenix’s healthcare hub is becoming increasingly critical as a result of the pandemic, but a boom was already underway in midtown Phoenix, making healthcare and…»
Homebuyer Competition Intensifies in Sought-after Phoenix Metro Neighborhoods
Homebuyers in metro Phoenix are having a tougher time than ever finding homes on the market at a time when inventory is among the lowest in the nation. With 0.9 months supply of inventory in October, Phoenix tied for third with Charlotte, North Carolina; Omaha, Nebraska; and Denver, according to…»
For Fannie and Freddie, Big Decisions Await
Joe Biden’s victory has thrown a wrench into the Trump administration’s efforts to privatize Fannie Mae and Freddie Mac, but appointees in charge of the government-sponsored enterprises are likely to try to end the conservatorship before they exit. While the privatization effort pushed by…»