Commercial Real Estate & Business News – October 19, 2021

Phoenix was named among the top metros for real estate prospects in 2022, according to the 2022 Emerging Trends in Real Estate report, done by the Urban Land Institute and PwC US. Phoenix ranked third in the nation, behind Nashville and Raleigh/Durham, respectively. The rank was calculated looking at overall…»

Last year, apartment rent growth was a tale of two cities, or at least two types of cities. Rents plummeted in major metros—in some cases by double digits—and jumped in small cities and suburbs—in some cases by double digits. This year, rents rebounded back in the big cities and continued to grow in emerging markets. This new period of…»

Scottsdale-based El Dorado Holdings Inc. has closed on 525 finished lots for $57.8 million at its 1,500-acre Bella Vista Farms master-planned community in San Tan Valley. Miami-based Lennar Corp. (NYSE: LEN), Incline Village, Nevada-based Tri Pointe Homes Inc. (NYSE: TPH) and Roswell, Georgia-based Ashton Woods are the three homebuilders selected to build homes in the…»

It’s an exciting time to be an investor or developer in Greater Phoenix! The metro’s multifamily market is enjoying some of the most robust activity in its history, mainly fueled by its diverse economy and favorable demographic trends. According to Yardi Matrix data, multifamily sales totaled more than…»

Arizona hospitals overall saw huge increases in their profits during last year. New figures from the Arizona Health Care Cost Containment System show total profits topped $1.5 billion – 33 percent above 2019 and far above anything reported in the past decade.It also found nearly 75 percent of…»