Commercial Real Estate & Business News – November 5, 2021

RED Development this week joined Banner Health for a groundbreaking to mark the start of construction on a new single tenant medical building at its highly anticipated mixed-use development, The Grove, which is situated on the corner of the prestigious Camelback Corridor and…»

Railroad friendly? Or railroaded? A sprawling project threatened to be run over by a true giant: Union Pacific Railroad, the second-largest railroad in the country. But Unbound Gateway successfully argued that its plan to develop 155 acres near Sossaman and Pecos roads are…»

Invitation Homes, the largest U.S. landlord of single-family rentals with more than 80,000 houses, is placing a bigger bet on the future of for-rent homes with plans to increase its potential purchases to up to $1.8 billion this year from $1 billion. The Dallas-based company’s…»

Decron Properties has bought Avery on the Green, a 324-unit community in Chandler, Ariz., for $125.3 million. The seller was ConAm. The community last changed hands in 2015, when it was bought by ConAm from Aimco, for just $46.2 million. Completed in 2000, the property features a…»

A new $197 million program to help Arizona homeowners hurt by the pandemicpay their mortgages is now taking applications. About 80,000 Arizona homeowners are in forbearance or behind on their mortgage payments now, according to the…»