Commercial Real Estate & Business News – March 20, 2023
Multifamily Plays the Rent Growth Waiting Game The pandemic set off an unusual time in multifamily. The sector became part of the short game. Rents drove upward, responding to increased prices, and things moved very fast. But with the shifts of the market, it’s time for the long game…» Sun Belt Metros Lead Multifamily Construction […]
Commercial Real Estate & Business News – March 11, 2023
$85M Life-Style Rental Community Coming to Mesa Talos Holdings started work on a “new” multifamily luxury rental community in East Mesa. The developer says the individualized living experience, The ONE at Mountain Vista (The ONE) will offer residents a unique alternative to…» Brookfield-Backed Fundamental Income Prepares First Bond Offering Fundamental Income Properties, an investment firm […]
Commercial Real Estate & Business News – March 10, 2023
Four Areas Lead the Way in Phoenix Region’s Apartment Building Boom The Phoenix region is fresh from an unprecedented apartment building boom that peaked in the last quarter of 2022, and recent statistics suggest that the wave of new supply has outrun demand, an imbalance that could become…» Ironwood at Happy Valley Sells for $90.3M […]
Commercial Real Estate & Business News – March 9, 2023
Multifamily Keeps Benefiting From Hurting Housing Supply In the 2022 US housing report from the National Association of Realtors and Move.com, which operates Realtor.com for the NAR, the big news is more of the same. The market is now, by their count, 6.5 million new single-family homes short of…» Valley Investment Group Buys North Scottsdale […]
Commercial Real Estate & Business News – March 8, 2023
It’s Raining Multifamily “It’s Raining Men,” so the 1980s song by the Weather Girls went. More than 40 years later, what’s raining is multifamily units. In a research brief, CBRE forecasts that 716,000 multifamily housing units will hit the market over the next…» Construction Paused on $2B Paradise Valley Master-Planned Community, Residents Frustrated Homeowners of […]
Commercial Real Estate & Business News – March 6, 2023
THE BIG PUSH Labor is a top reason why companies are choosing to move to or expand in the Phoenix metro, particularly in fast-growing areas like the West Valley. For the past two decades, West Valley cities such as Goodyear and Surprise have seen…» Macerich Refinances Arizona Mall, CBL Works Through $231 Million in Debt, […]