May 7, 2021

Coming soon to Mesa: Business licenses and food truck permits. While Mesa has plenty of food trucks slinging tacos and burgers – notably at the Feastable Forrest every Saturday evening at Pioneer Park – they are currently considered “peddlers. After a study

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Phoenix-based developer George Oliver has completed its latest experiential office transformation, The Alexander in downtown Chandler, as companies reintroduce their employees back into the workplace. Located at 25 S. Arizona Pl., the 112,000-

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Paragon Development Group recently closed on the $3.1 million purchase of 15.67 acres in the Southeast Valley. The site, located on the NEC of West Southern Avenue and South Meridian Road in Apache Junction, Arizona, is slated to become

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The city of Tempe wants to encourage development to add density to the already-lively Danelle Plaza, near Southern and Mill Avenues and home to popular businesses such as Yucca Tap Room, Rocket A Go-Go and Cervantes Mexican Food. The city is now

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After nearly 70 years of farming, the Anderson family has sold a plot of land at Bowlin and Hartman roads to Lennar Homes to make way for a future residential development. The move happened quietly in late April. The Land Agency, known

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May 6, 2021

Phoenix has maintained its ranking as the top metropolitan area in the nation for net migration for a third consecutive year, according to the latest data from the U.S. Census Bureau. Multifamily landlords and homeowners welcomed the nearly 89,000 people who moved

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U-Haul customers have spoken, well actually thousands have moved, and Arizona is among the top 5 destinations for one-way moving trucks. Trends data compiled from more than two million one-way U-Haul truck customer transactions in 2020 found Tennessee, Texas, Florida,

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Coming off the major success of Maple & Ash – a high-end steakhouse at the Scottsdale Waterfront – Chicago-based hospitality group What If Syndicate is now set to open another restaurant in Scottsdale. What If Syndicate, which is led by two-time Michelin-starred Chef

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Meal kit company HelloFresh leased a 440,000-square-foot-distribution center in southwest Phoenix, which will become the company’s largest distribution and fulfillment center in the world. HelloFresh leased Prologis Logistics Center IV, at 1850 S. 71st Ave. and will begin operations

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Who won the tug-of-war between the nation’s health and economy? States that lifted business restrictions early during the COVID-19 pandemic benefited from a boost in economic activity, but those gains were limited or short-lived, as other states often caught up within a month,

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May 5, 2021

AFIRE, the Association of Foreign Investors in Real Estate,  just released its 2021 survey. The results show that 60% of responding investors expect to increase their investment volume this year. The online survey was of 101 respondents from 19 different countries over

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It is difficult to pick up a newspaper and not see an article on sky rocketing Scottsdale home prices. Additionally, Scottsdale has the highest average apartment rental rates in the metro area. Helping to fuel this price surge are out of state

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Investcorp, the real estate investment giant based in Bahrain, acquired a pair of Phoenix apartments just months after the company closed a series of high-profile multifamily sales nationwide. The company paid $169.5 million for two apartment

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Federal judge Dabney Friedrich of the US District Court for the District of Columbia has struck down the Centers for Disease Control and Prevention moratorium on evictions. The moratorium was first enacted last year and most recently extended

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Phoenix developer George Oliver has completed an extensive renovation of the Alexander office building in downtown Chandler and secured several new tenants. The renovations to the 5-story, 112,000-square-foot office building include

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May 4, 2021

More than a year into the pandemic, with vaccines rolling out and the U.S. economy aided by the injection of $1.9 trillion, outlooks show signs of overall stabilization, albeit at a slow pace. Nuveen Real Estate, a TIAA company, has released its second issue of RealAccess, a study on

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As COVID-19 has reset the economic cycle, the 2021 Investors Intentions Survey from CBRE finds that investors are seeking higher returns. While most core or core-plus investors expect their unlevered target returns to fall slightly or stay the same, those further out on the yield

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Following one of the most disruptive periods of our times, at the start of 2021, the hottest U.S. rental markets and most in demand locations for renters were certainly not the ones you would expect. When trying to assess the competitiveness of our country’s 125 largest rental

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Phoenix is among the top U.S. cities for the construction industry, with the intense demand for new houses continuing to push the need for construction jobs, according to a study from Industrial Paint and Protection Magazine. Phoenix ranked as the fifth-best market for

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The booming market for Scottsdale homes and apartments is compounding an existing housing affordability crisis in the city. Over the past two years, the median sales price for a Scottsdale home jumped 27 percent to $745,000. Even historically-affordable 85257 in southern

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May 3, 2021

The Metro Phoenix commercial real estate sector continues to stay red hot, as evidenced by the biggest commercial real estate deals in April, according to the commercial real estate tracking website Vizzda. In terms of the overall Metro Phoenix market,

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How will Covid-19 affect the future of commercial real estate? It’s a multibillion-dollar question that’s been debated since the start of the pandemic. With many businesses still plotting their returns to the office, the answer remains to be determined. But experts say

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As online shopping has grown popular over the last couple of decades, many retailers have shifted resources from physical locations to online platforms. The COVID-19 pandemic has only accelerated those changes, leaving shopping centers

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Copper Mountain Ranch, a major development that has been discussed for decades, may become a reality in the near future, Mayor Craig McFarland said in an update during an April town hall. As early as 1988, the picturesque views of the Sacaton Mountains

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Like spring flowers popping up in gardens and lots around town, what can be called “Industrial Mesa” is in bloom. In the southeastern corner of the city, big chunks of land remain undeveloped – but not for long. Development plans zipped through

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