Commercial Real Estate & Business News – May 4, 2022
Inflation Means Different Things to Developers, Investors, Tenants Not that we needed it, but last week we received another indicator that inflation was on the rise when the Bureau of Economic Analysis reported that the personal consumption expenditures price index rose 6.6% over the…» Affordable Housing Developer Plans Two Apartment Complexes in West Phoenix A […]
Commercial Real Estate & Business News – May 3, 2022
$500M Residential, Industrial Project Planned for Historic Area in West Valley Charleston, South Carolina-based Greystar Real Estate Partners LLC is proposing to build a $500 million mixed-use project in a historic area of the West Valley. Plans for the project, dubbed Peoria Place, include nearly 1,200 apartment and housing units with…» Recently Completed ‘Adeline’ in […]
Commercial Real Estate & Business News – May 2, 2022
Longtime Valley Farmers Market Moving to Innovation Core in Phoenix A staple event in downtown Phoenix is expanding and moving to a new location this May, but it’s not going far. The Downtown Phoenix Farmers Market, which is managed by nonprofit Community Food Connections and sees an estimated…» Kennedy Wilson Acquires Three Multifamily Assets for […]
Commercial Real Estate & Business News – April 29, 2022
Developer Announces Mixed-Use Project Near Massive Phoenix Computer Chip Plant An Indiana real estate company is the latest developer to bet on future growth in North Phoenix, where Taiwan Semiconductor Manufacturing Corp. is building a massive semiconductor fabrication plant expected to employ thousands of workers…» Decron Properties Buys Tamarron Apartments for $128 Million Decron Properties […]
Commercial Real Estate & Business News – April 28, 2022
Glendale Lagoon Resort to be Largest Hotel, Entertainment Destination in State The planned resort formerly known as Crystal Lagoons is being rebranded and developed into what the city of Glendale said will be the largest hotel and entertainment destination in Arizona. Now called VAI Resort, the entertainment destination will…» Retail Is Outperforming, But Where Are […]
Commercial Real Estate & Business News – April 26, 2022
Redevelopment of Shuttered Phoenix Mall will Cost Nearly $1B The city of Phoenix is proposing an agreement with Concord Willshire Capital LLC for the redevelopment of the defunct Metrocenter Mall, which was once the largest mall in the Southwest but closed in 2020 due to market changes and the…» Phoenix Mortgage Costs Skyrocket 20% Already […]