Commercial Real Estate & Business News – September 28, 2021

The COVID-19 pandemic has made migration a hot topic for all states. Which states will benefit the most from increased remote work? We will not have hard data to answer that question for a while, but now is a good time to revisit a key migration dataset to see how things stood before the outbreak began and to see…»
The US National All-Property Index hit a 13.5% year-over-year increase in August, rising 1.5% from July numbers. According to data from Real Capital Analytics, all four major CRE property types showed double-digit annual price growth last month, with apartments showing the largest gain at 14.7%. That’s the quickest rate since…»
Industrial development shows no indication of slowing down in the West Valley. Another massive industrial park is proposed for 262 acres next to the Loop 303 pending Glendale’s approval to annex and rezone the property.The 3.4 million-square-foot project, called Parkway 303 West, could include...»
ORION Investment Real Estate announced the sale of a rare redevelopment opportunity situated on Central Avenue and Coolidge Street in Midtown Phoenix. The infill location is part of the City of Phoenix Grand Canalscape Program, which offers a Density Bonus to the future developer. The total land size was…»
A developer is proposing to tear down a former Kmart building in Mesa and replace it with 395 apartment units.Mesa City Council will decide on Oct. 4, whether to change the zoning of a property in Mesa that will allow Stillwater Capital LLC – a Dallas-based developer – to turn a handful of vacant retail buildings, including a…»