Commercial Real Estate & Business News – July 15, 2022
June’s Average Multifamily Rent Tops $1,700 for First Time It is becoming almost unanimous among apartment rent forecasters that what has been a strong rent growth run across most of the country in the past two years is starting to moderate. To name one example, CoStar just predicted that…» Mekong Plaza Expanding in Mesa’s Asian District […]
Commercial Real Estate & Business News – July 14, 2022
Valley Investment Firm Plans Arizona’s First Cricket Stadium In The West Valley The Phoenix metro could soon be home to the one of the largest cricket stadiums in the country as the sport continues rising in popularity across the U.S.Glendale-based Mangat Group, a real estate investment and development company, plans to…» 391 Acres of Land […]
Commercial Real Estate & Business News – July 13, 2022
26-Story X Phoenix II Breaks Ground in Downtown Phoenix Today, Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, celebrated the groundbreaking of X Phoenix II, a new 26-story mixed-use residential high-rise located at 201 W. Van Buren in Phoenix’s downtown core…» CRE Property Prices Down 4.9% From Recent Highs It’s […]
Commercial Real Estate & Business News – July 12, 2022
Inbound Migration, Commercial Real Estate Rent Growth in Phoenix to Continue, Report Says A growing population has brought a higher cost of living in Phoenix. And that growth trend is showing little sign of slowing down, with a new report suggesting that as the population swells, the Phoenix metro could draw more interest from…» Apartment […]
Commercial Real Estate & Business News – July 11, 2022
More Research Shows Multifamily Rents Are Moderating In yet another confirmation that the days of sky-high multifamily rents are over, data from RealPage released this week shows that June rents came in lower than earlier this year in more than half of the major US metros the firm tracks…» New Luxury Community Zaterra Opens in […]
Commercial Real Estate & Business News – July 8, 2022
Three Arizona Cities Top the Nation for Number of Luxury Apartments Being Built With some Valley cities gaining almost exclusively high-end apartments during the past decade, Arizona is leading the nation for luxury apartment living, according to a new report. StorageCafe, a subsidiary of Santa Barbara, California-based…» Scottsdale’s Affordable Housing Situation is Worst in Metro […]