Commercial Real Estate & Business News – September 17, 2020

Maracay Homes Closes on Another 140 Acres in Gilbert Next to Fast-selling Community
Scottsdale-based Maracay Homes has added 140 acres to its Waterston community in Gilbert, where the Scottsdale-based homebuilder just sold its 100th home in four months. Another 150 acres are under contract, which would bring 1,400 homes within the Waterston master-planned community, said Andy…»
Brookfield Residential Unveils Largest Masterplan Since 2013 in West Valley
Brookfield Residential (Arizona), a leading land developer and homebuilder in North America, is unveiling its highly anticipated Alamar master-planned community on Saturday, Oct. 10. Located just north of the Sierra Estrella Mountains in Avondale, Arizona, Alamar represents the largest masterplan…»
Will COVID-19 End Offices in Metro Phoenix? These Industry Experts Say ‘No’
Tens of thousands of people around metro Phoenix now work from home because of the COVID-19 pandemic, and it’s still uncertain when, or whether, most will return to an office setting. Does this portend a permanent shift in work arrangements, along with long-term deteriorating of office properties…»
Covid Skews Phoenix Corporate Relocation, Expansion Prospects Toward Industrial Uses
The coronavirus pandemic has tilted the scales for business prospects in Phoenix, with about 75% of prospective companies working with the Greater Phoenix Economic Council seeking industrial space, a shift from a usual average of about 40%. Thomas Maynard, vice president of business development…»
Phoenix Sees 8th-most Data Center Leasing in North America
Driven by demand from cloud services companies, Phoenix saw the eighth-most data center leasing activity in North America in H1 2020, and remains the fifth-largest data center market in the country, according to CBRE’s latest North American Data Center Trends Report. Phoenix saw 6.0 megawatts…»