Commercial Real Estate & Business News – October 3, 2022

Forget About Construction Costs: Supply Availability is a Problem

Anyone paying attention to headlines this past year understands that inflation continues exerting a toll on commercial real estate construction efforts. For example, CBRE’s Construction Cost Index forecast a 14.1% year-over-year increase in costs “as labor and material costs continue to rise…»

New Joint Venture Chooses Phoenix Office Tower for First Acquisition


A recently renovated office building in Phoenix’ Camelback Corridor has sold to a newly-formed partnership between Salt Lake City-based Bridge Investment Group and Grosvenor Group, a global investment powerhouse that was founded in London 345 years ago. The joint venture paid…»


Not long after Taiwan Semiconductor Manufacturing Co. announced its decision to build a $12 billion factory in Phoenix, real estate firms started buying up hundreds of acres in the nearby Deer Valley submarket, which is home to one of the largest job corridors in Phoenix and spans more than…»

Tempe Ranks No. 2 on Best Places to Live in U.S. List

Digital platform Money, today announced its annual ranking of the Best Places to Live spotlighting 50 cities and towns with strong labor markets, affordable homes, and racial, economic and cultural diversity. Tempe is ranked No. 2 on the Best Places to Live in the U.S. list. This year’s list features…»

Massive Arizona Income Tax Cut Going Into Full Effect

PHOENIX – A massive Arizona income tax that mainly benefits the wealthy championed by GOP Gov. Doug Ducey and enacted by Republicans who control the state Legislature in 2021 will go into full effect ahead of schedule next year, Ducey’s office announced Thursday. The plan will save taxpayers about…»