Commercial Real Estate & Business News – September 22, 2021

After breaking ground September 2020, Legacy Sports USA and Oak View Group are moving closer to opening its more than $280 million multipurpose sports and entertainment complex in southeast Mesa.The two companies announced on Tuesday a 10-year naming rights deal with Bell Bank, one of the biggest family- and employee-owned banks in the…»
The Arizona Coyotes released renderings Monday of a recently proposed land development that would include a new arena in Tempe.Keeping with the adage, “You miss 100% of the shots you never take,” the Coyotes are hoping for a hat trick with a $1.7 billion development that would include a new arena, retail space and…»
A Los Angeles investor has purchased an apartment property in Tempe, Arizona, where an influx of returning college students and expanding tech and finance firms has created one of Phoenix’s hottest apartment markets.L.A.-based SAM Residential Group, also known as Shelter Asset Management, paid $46 million, or…»
Construction is ready to begin on the much-debated new Omni Hotels & Resorts hotel being built in Tempe on the campus of Arizona State University.Omni Hotels, along with ASU and the city of Tempe, held a groundbreaking ceremony for the project on Sept. 17. Owners also unveiled renderings of the upcoming hotel for the first time.The…»
ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Flipping Report showing that 79,733 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 4.9 percent of all home sales in the second quarter of…»