Commercial Real Estate & Business News – February 1, 2022
Defunct Malls Among Top Redevelopment Projects in the Valley Defunct malls have been the focus of some of the biggest redevelopment efforts in the Valley, including the reuse of the former Park Central Mall as a primarily office mixed-use campus, and now two groups are gearing up to take on the repositioning of…» Gilbert No. […]
Commercial Real Estate & Business News – January 31, 2022
Phoenix Job Seekers and Homeowners are Well-Positioned for 2022; Employers and Home Buyers Face Challenges Metro Phoenix’s economy has started the new year hitting on all cylinders, with full employment, industrial expansion and more home-price gains on the horizon. The outlook is promising for homeowners and job seekers but could prove frustrating for employers and […]
Commercial Real Estate & Business News – January 28, 2022
Here’s How Metro Phoenix is Attracting More Venture Capital Innovation and Arizona State University (ASU) are essentially synonyms. For the seven years that U.S. News & World Report has offered an innovation category, ASU snatched No. 1 every time, outperforming other juggernauts such as Stanford University and Massachusetts Institute of Technology. One outlet…» One of […]
Commercial Real Estate & Business News – January 26, 2022
Commercial Mortgage Debt Holdings Increase The late summer months of 2021 were very active for commercial/multifamily borrowing and lending. The level of commercial/multifamily mortgage debt outstanding increased by $64.8 billion (1.6%) in the third quarter of 2021, according to the Mortgage Bankers Association’s…» Built-to-Rent Homes Expected to Hit All-Time High in 2022 In 2021, 6,740 […]
Commercial Real Estate & Business News – January 25, 2022
$1.8B Mixed-Use Project Coming to Suburban Phoenix Local officials in Tempe, Ariz., are paving the way for a major mixed-use destination, South Pier at Tempe Town Lake, to take shape in the suburban Phoenix city at a cost of $1.8 billion. The Tempe City Council introduced the project and held the first public hearing on […]
Commercial Real Estate & Business News – January 24, 2022
Prologis Tackles $26 Billion Development Pipeline as Demand and Leasing Reach Record Highs The world’s largest industrial developer and landlord is gearing up for what it expects to be another record-breaking year of demand as it begins chipping away at a $26 billion global construction pipeline. Prologis, the San Francisco-based real estate investment trust, is […]