February 21, 2023

Wood Partners, a leading national multifamily real estate developer and manager, announced the grand opening of its newest luxury residential community, Alta Cooley Station, in Gilbert, Arizona today. Located just southeast of Phoenix

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It’s a bit of same ol’, same ol’ for now in multifamily deal-making two months into 2023 – not a whole lot. “Buyers are cautious, facing higher financing costs and downgraded projections of future rent growth,” writes, Paul Fiorilla

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February 20, 2023

The Real Estate Roundtable’s Q1 Economic Sentiment Index reports that commercial real estate executives, while optimistic about the future, remain uncertain about current market conditions, citing inflation, rising interest rates, and

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Following a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023 with record sales for quality assets in highly desirable and growing markets, JLL reported. 

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A Northern California investment firm paid a record price for the AC Hotel Biltmore by Marriott as investors keep scooping up high-end lodging properties across greater Phoenix. Nella Invest, based in Auburn, California, bought the

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Glendale-based Mangat Group has made progress on its proposed sports complex in Glendale, which is being developed just west of the city’s burgeoning sports and entertainment district. The new indoor and outdoor complex, called

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After every month in 2022 recorded a decline in builder confidence, could 2023 herald a change? It’s beginning to look that way. Builder confidence in the market for newly built single-family homes in February rose seven points to

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February 17, 2023

Taiwan Semiconductor Manufacturing Co. is moving forward with its plans to invest up to $3.5 billion for its Phoenix factory, according to a new Reuters report. The chip giant, which makes a large portion of the world’s semiconductor chips, said

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A Chicago developer bought an apartment complex in the Phoenix region of Scottsdale as multifamily investors keep loading up on properties in the wealthy suburb. Avanti Residential, based in Denver

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Family Development, one of the country’s premier homebuilders with a multitude of projects throughout the Southwest, has announced plans to build two new luxury lease communities in Arizona: Villas Litchfield Park and Villas Goodyear.    

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The housing market may be turning a corner even as builders continue to contend with high construction costs and building material supply chain logjams, according to a new report from the National Association of Home Builders (NAHB).

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Arizona Attorney General Kris Mayes said her office will launch an antitrust investigation into the proposed Kroger-Albertsons merger, citing the potential impact on consumers, workers and farmers and ranchers in the state that supply

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February 16, 2023

HyRel Technologies, a semiconductor modification and contract manufacturing company, announced Wednesday it began operations at its Peoria plant that spurred creation of 50 new jobs. HyRel is leveraging its

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The high cost of borrowing continues to affect the single-family home purchase market with investors clearly fleeing the space, according to Redfin. U.S. home sales fell a record 45.8% year over year in the fourth quarter and

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When is economic news good and when is it bad? Take the retail sales numbers from January 2023, for example — as much an example of the ping-pong nature of today’s economy, with sideline judges differing in interpretation. For retailers

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Colliers in Arizona has released the annual Greater Scottsdale Airpark 2030 Report, indicating healthy conditions within the growing submarket and an employee base expected to grow to 70,000 by 2030.  According to the report, demand for

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A Northern California investment firm paid a record price for the AC Hotel Biltmore by Marriott as investors keep scooping up high-end lodging properties across greater Phoenix. Nella Invest, based in Auburn, California, bought

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February 15, 2023

Retail sales rebounded in January amid a pick-up in post-holiday spending. Retail sales in January were up 1.5% from December and increased 4.8% year-over-year, according to the National Retail Federation, whose calculation excludes

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Amazon Fresh locations are similar to traditional supermarkets, with a strong focus on private labels and technology that allows customers to skip the checkout lines by scanning products as they shop using the company’s proprietary Dash Carts.

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Macerich, the operator and owner of many of Phoenix’s top malls, is looking to round out the surrounding areas of some of their shopping destinations with class A office buildings and multifamily housing. Plans are in the works for

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Though large industrial lease signings dominate news headlines, demand for space at Phoenix’s small bay properties is quietly leading the nation. The median time to lease for local industrial spaces smaller than 50,000 square feet has plummeted from

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Avanti Residential has sold the vibrant 193-unit Dwell Apartment Homes for $41.6 million to Chicago-based 29th Street Capital. The sale allows Avanti to realize its investment objective for the property and continue to reallocate the firm’s

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February 14, 2023

The Arizona Sports and Tourism Authority estimated the impact of hosting the Super Bowl in 2015 to be $719.4 million[i]. By all accounts, the upcoming 2023 event should be even larger. The entire sector of sports and tourism in Arizona, however

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An economic impact study conducted by Arizona State University found the 2022 WM Phoenix Open generated nearly a half billion dollars ($453.7 million) into the state of Arizona’s economy.  As part of the total economic impact, the study, commissioned

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City of Industry, California-based Cubework.com Inc. has signed a lease for 100% of the 915,000-square-foot building called Cotton 303 Logistics Center in the Phoenix metro. Cotton 303 is located on the southeast corner of

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