Commercial Real Estate & Business News – October 5, 2022

Why Is Apartment Demand Breaking Records in Phoenix? Take a Look at This Sale.

A $238 million sale of a pair of apartment complexes in Phoenix’s Gilbert suburb shows why the area is on a record-breaking multifamily sales run over the past year. Ezralow Co., based in Calabasas, California, bought the Azul at Spectrum and adjoining Borrego at Spectrum apartments from…»

Employers May Just Be Doing Hybrid Work Wrong


A new study by Microsoft has revealed the three key pivots leaders must make to successfully adapt to the new way we work. They include ending productivity paranoia, embracing the fact that people come into physical offices to be together, and “re-recruiting” employees…»

Electric Vehicle, Semiconductor Industries Eager to Build out Pinal County Supply Chain

Companies that have planted large manufacturing footprints in Pinal County are betting on the region to support further growth of their operations and related companies in their supply chains in the electric vehicle and semiconductor industries. Over the decades…»

New Partnership Will Bring Dual-Brand Hotels to Park Central

An exciting collaboration between public, private and nonprofit entities is bringing to life two new hotels at Park Central — with extensive community benefits as well. The dual-branded Home2 Suites/Tru by Hilton hotels will add 207 total guest rooms to the Park Central property, spanning…»

Wood Partners Starts 360-Unit Apartment Complex in Phoenix’s Avondale

National multifamily development firm Wood Partners broke ground on its latest greater Phoenix apartment project, a luxury complex in Avondale. Atlanta-based Wood started construction on Alta Avondale, a 360-unit project off Avondale Boulevard south of Interstate 10 projected to open in…»