Arizona Ranks No. 3 Among States Gaining Most High-Earning Families Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses … [Read more...] about Commercial Real Estate & Business News – August 5, 2022

Thousands of Apartments, Rentals on Tap for Laveen as Residents Demand Sustainable Growth The Laveen community in southwest Phoenix has seen thousands of residential rooftops under construction for years, with houses replacing farms in the once agricultural area of the city. But as the area … [Read more...] about Commercial Real Estate & Business News – August 4, 2022

Surging for So Long, Industrial Sector Growth Now Starting to Level Indications that the high-performing industrial market has hit a plateau are growing, according to a report by Newmark. Factors include economic and geopolitical headwinds that have “incited a significant slow-down” in economic … [Read more...] about Commercial Real Estate & Business News – August 3, 2022

National Developer Plans Large Multifamily Complex in Historic Area of Phoenix A large, mid rise multifamily complex is being proposed for a long-vacant site in midtown Phoenix about a year after it was advertised as an infill development opportunity. City of Phoenix documents show that St. … [Read more...] about Commercial Real Estate & Business News – August 2, 2022

Retail is Making a Comeback: Here’s What Experts Say Robust job and population growth have fueled a hot real estate market in the Valley of the Sun. In-migration trends here are among the best in the United States in part due to Phoenix's proximity to Southern California. And apartment builders … [Read more...] about Commercial Real Estate & Business News – August 1, 2022

Retail is Making a Comeback: Here’s What Experts Say Even before the COVID-19 public health crisis, brick and mortar retailers were facing headwinds thanks to the convenience of online shopping, with Amazon being emblematic of the supposed death knell of retail. Is the demise of in-store shopping … [Read more...] about Commercial Real Estate & Business News – July 29, 2022