Commercial Real Estate & Business News – September 27, 2022

Phoenix Ranks As No. 6 Most Desirable City in America

Although Americans seem to love Phoenix, they either love or hate the Grand Canyon State. Arizona was voted the seventh-most desirable state AND the ninth-least desirable state, according to research from Home Bay. But people love Phoenix. Home Bay surveyed 1,000 Americans across the U.S. and they voted…»

Arizona Office Buildings, East Valley Hotel Sell; 6 Other Real Estate Deals to Know


More than 450,000 square feet of Arizona office buildings are now under new ownership. A consortium led by Thomas Rizk and Roger Thomas, the founders of Workspace Property Trust, have scooped up more than 50 office buildings across several markets in a more than…»

Berge Family Proposes Auto Mall, Apartment Development in Mesa

Mesa’s Planning and Zoning Board will consider rezoning more than 45 acres and annexing land into the city that could make way for an auto mall and residential development near Phoenix-Mesa Gateway Airport. Pew & Lake PLC applied to city’s planning and zoning board on behalf of…»

Council OKs Senior Living Center Near Old Town

A 247-unit senior living facility with 9,900 square feet of commercial space on 3.59 acres near the intersection of Scottsdale and Osborne roads will become a reality. The Scottsdale City Council on Sept. 13 voted 7-0 to approve the project, known as The Osborne, which will reach…»

Here’s How Phoenix Aims to Transform McDowell Road

A long-neglected stretch of McDowell Road in central Phoenix could one day be transformed with shade trees, enhanced lighting, colorful crosswalks and murals. Representatives from the City of Phoenix Street Transportation Department met with the public Tuesday night to discuss the…»