Commercial Real Estate & Business News – September 9, 2021

CapRock Partners, a leading industrial investor, developer and asset manager in the Western U.S., today announced the development commencement of CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of the City of Phoenix. CapRock is transforming one of the largest…»

Arizona is on the short list for a new $400 billion smart city proposed by a former Walmart executive.Billionaire Marc Lore released plans Sept. 1 for Telosa, a proposed sustainable city that would consist of 150,000 acres, roughly 234 square miles, with 5 million people over 40 years.Lore’s proposed smart city is also…»

ORION Investment Real Estate announced the sale of Urban 55, a 209-unit apartment complex located on 55th Avenue and Camelback Road in Glendale, Arizona, currently one of the fastest growing cities within the Phoenix MSA. Lacey Eyman and Jon Coffen of ORION represented the buyer and seller in the off-market transaction.…»

Mayor John Giles presided over Monday’s Mesa City Council meeting, wearing a mask “out of an abundance of caution”“At the end of last week, I came in contact with some folks who tested positive. I’ve been fully vaccinated and tested negative in the last couple of days,” Giles noted.None of the City Council members or staff present…»

As Arizona rebounds from the pandemic, its population is increasing, new projects are transforming the skyline, and travel and tourism are bouncing back.Like other cities in the Greater Phoenix area, Tempe is leading the way when it comes to growth and development in the state, and the Fueling the Economy: The City of Tempe panel discussion will…»