Commercial Real Estate & Business News – September 13, 2022

San Francisco Investment Firm Acquires First Arizona Property with Purchase in Scottsdale Airpark

San Francisco-based commercial real estate investment firm Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has acquired Cimmaron Industrial Park in the Scottsdale Airport Industrial submarket of the Phoenix metro area. The deal closed on…»

Downtown Apartment Tower to Incorporate a 75-Year-Old Building. Here Are The Details on The $184M Project


A luxury apartment complex beginning construction in downtown Phoenix will incorporate a 75-year-old former medical office building on the site. Atlanta-based developer Hatteras Sky began construction on its first development in the Phoenix area, a…»

Former East Valley Site of Fortune 500 Company HQ to be Redeveloped Into Industrial Park

A Tempe lot that once was home to a Valley Fortune 500 company is now being reimagined for a new use.Phoenix-based ViaWest Group started demolition of an office building at 6820 S. Harl Ave. last month to make way for two industrial buildings. The target…»

Revitalized Goodyear Shopping Center Could See More Development With New Grocer, Restaurants

A once-aging retail center in Goodyear recently sold for $41 million and could see a new specialty grocery store, hotel, shops and restaurants in the West Valley. Called the Canyon Trails Towne Center, the property is a 90-acre mixed-use site that was…»

Multifamily’s Prime Target: Aging Millennials

A number of factors have contributed to making multifamily the hottest commercial real estate asset in the U.S. over the past few years. A chronic lack of housing combined with steadily rising rents and declining vacancy rates have more…»