Commercial Real Estate & Business News – November 10, 2021
A Housing Issue We Can’t Afford to Ignore The lack of affordable housing and the mounting resistance to multifamily housing development is creating serious heartburn in the Valley’s business community — among builders and employers alike — who view it as a risk to healthy economic growth. It’s been a thorny issue in…» $70 Million […]
Commercial Real Estate & Business News – November 9, 2021
Apartment Investors Are as Bullish as Ever About the Sunbelt The Sunbelt region for multifamily property transactions is booming right now, Jonathan Morgan, president of Morgan Properties JV, an affiliate of Morgan Properties, believes. To that end, his company just added 18 communities there, acquiring a pair of…» Macerich and Life Time Announce Resort for […]
Commercial Real Estate & Business News – November 8, 2021
Apartment market conditions continue to show improvement, according to the National Multifamily Housing Council’s quarterly survey of apartment market conditions for October“We are continuing to see strong, broad-based demand for apartments as the U.S. economy remains on an upward trajectory,” said Caitlin Sugrue Walter, vice president of research at the…» JLL: Shoppers Returning to Lifestyle […]
Commercial Real Estate & Business News – November 5, 2021
New Banner Health Center Begins Construction at The Grove RED Development this week joined Banner Health for a groundbreaking to mark the start of construction on a new single tenant medical building at its highly anticipated mixed-use development, The Grove, which is situated on the corner of the prestigious Camelback Corridor and…» Mega Project Approved […]
Commercial Real Estate & Business News – November 3, 2021
Metro Phoenix is a Growing Hub for Data Centers. Here’s What Makes the Area Ideal for New Construction Metro Phoenix has emerged as a hub for data centers — facilities that support diverse computerized operations, often for multiple corporate customers — and that progress is showing no signs of abating. Reasonable costs for…» Multifamily Market […]
Commercial Real Estate & Business News – November 2, 2021
Cousins Properties Sees Signs of Brighter Outlook for Sun Belt Office Markets While the outlook for the office market remains uncertain, a look at one real estate investment trust’s third-quarter earnings shows some signs of a potentially better-than-expected recovery in the Sun Belt. Leaders at Cousins Properties, an…» Phoenix Ranks in Top 5 for Biggest […]