Commercial Real Estate & Business News – October 26, 2021

JE Dunn Construction and Lincoln Ventures, an Austin-based student housing and national multifamily developer, announce breaking ground on 811 N. 3rd Street, a 24-story, 326-unit multifamily development located in the heart of the arts district in Downtown Phoenix. The…»
Howard Hughes Corp. and Jerry Colangelo are planning to deliver a massive new masterplan community in Phoenix. The duo have unveiled plans for Douglas Ranch, a 37,000-acre community with 100,000 homes housing 300,000 residents and…»
While national companies and larger office users have mostly slowed plans to lease office space, smaller tenants seeking space in Phoenix will still likely face competition. Laurel Lewis, senior vice president at NAI Horizon, said lease rates have continued to…»
Vermaland, a leading Phoenix-based land banking and development company, is developing Verma Vistas III, an 1100-acre master plan community located in Tonopah, Ariz. Properties of this size are very difficult to come by, so this makes the…»
After a short lull in hotel investment activity, the preliminary total sales volume for the third quarter reached $13.4 billion, almost matching the highest third-quarter sales volume ever, $13.9 billion in 2016. Investor sentiment is favoring the sector again after a…»