Commercial Real Estate & Business News – September 28, 2022

Private equity giant KKR & Co. sold a multifamily property in Tempe near Phoenix to an investor based in Arizona for $68.5 million, or just under $252,000 per unit. The price paid by the private investor based in Paradise Valley to buy Ponderosa Ranch was nearly…»

A developer has submitted plans to the city of Mesa to build a hospitality campus to include three separate hotels to support Bell Bank Park in southeast Mesa. The developer – Las Vegas-based Tharaldson Hospitality – is proposing building…»

Surfers are testing the waves at a lagoon in Mesa, the city’s iconic Mekong Plaza is expanding, several apartment complexes are going up in downtown and a library is in the works for southeastern Mesa…»

Phoenix is ground zero for a new multifamily housing product gaining popularity across the nation: single family build-to-rent (BTR) communities. Sometimes referred to as low density multifamily or horizontal apartments, these BTR developments offer another option for renters who…»

The health-care industry suffered major changes during the health crisis—marked by periods of volatility and fast-paced lifestyle and economic transformations—such as the rise of telemedicine. As a response to these changes, developers are more pressed than ever to…»