Commercial Real Estate & Business News – October 1, 2023

The Freddie Mac Multifamily Apartment Investment Market Index (AIMI) rose by 5.1% in the second quarter. This was the second consecutive quarterly increase of AIMI nationwide and in all 25 markets. On a year-over-year basis, the index saw a decrease nationwide and in 23 markets. However, the year-over-year drop…»

Scottsdale-based Aspirant Development has been busy planning major projects in and around downtown Phoenix over the past year. News broke this summer about the company’s plans to move forward with a 45-story tower and mixed-use project called Astra after it was first proposed several years…»

Where does Phoenix want to grow retail and restaurants? Restaurants, shops and entertainment options can create a sense of place in neighborhoods and can preserve an area’s culture. Karla Scott is the economic development program manager for Phoenix and focuses on retail. She outlined…»

A Hilton-branded hotel in Old Town Scottsdale has been sold roughly three years after it opened in one of the year’s biggest hospitality deals. The 177-room Canopy by Hilton Scottsdale Old Town hotel was acquired Sept. 26 by Dynamic City Capital for nearly $102 million, according to real estate database…»

Arizona housing units rose 8.3% from 2010 to 2020. This article reports on housing in Arizona based on the 2020 Census. It will look at what changed over the decade between 2010 and 2020, how the 2020 data compares to the nation, to other states, within Arizona, and in some cases, by race…»