Commercial Real Estate & Business News – October 31, 2022


Phoenix Industrial Facility Sells for High Price as Investment Deals Decrease in Valley

A large industrial park with five buildings recently traded hands for $93.5 million, or $209.46 per square foot, near the Phoenix Sky Harbor International Airport. San Diego-based Westcore Properties purchased the 446,387-square-foot facility from…»

Mark-Taylor Residential to Manage Phoenix Micro-Unit Community

Mark-Taylor Residential is adding micro units to its management portfolio after being tapped to manage a 222-unit community in downtown Phoenix. Ascentris tapped the firm to manage Derby, which was completed earlier this year. The 21-story Derby is…»

The Keys to Multifamily Transactional Success This Year

LOS ANGELES—“We are going through a tricky time. It has never been more important to focus on the basis when looking at a transaction.” Those thoughts are according to panelist Bobby Khorshidi, president and chief credit officer at Archway Capital…»

3 Metro Phoenix Cities Rank Among Top 20 Millennial Hotspots

After years of lockdowns and limited gatherings, millennials are eager for a change of scenery. In a new study, SmartAsset analyzed data for 152 of the largest U.S. cities to determine the Top 20 Millennial hotspots. More specifically, we looked at the number of…»

JLL: Stores Regain Popularity for Holiday Shopping; Preferred Retailers Are….

Shoppers are heading to stores for holiday shopping, attracted, at least in part, by a festive atmosphere. Over 63% of U.S. consumers plan to do at least some of their holiday shopping in-store this holiday season — up from 58% last year, according to…»