June 17, 2022

A new master-planned community called Three Rivers Ranch with nearly 1,000 residential units is being proposed for 232 acres of farmland in the West Valley. Three Rivers Ranch will be comprised of

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Thompson Thrift Commercial is preparing to add 1.1 million square feet of speculative offerings to the high-demand metropolitan Phoenix industrial market. The real estate company recently spent just over $31 million on the acquisition of 68 acres of land in

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The skyline of Downtown Phoenix is constantly evolving. Stand on any corner and you’ll likely see a construction project in progress. Here are 10 Downtown Phoenix construction projects that are currently being built and will likely

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The city of Chandler may be one of the most in-demand areas for companies to expand or relocate — especially technology and semiconductor-related manufacturing firms — in the Valley, but the city is running out of vacant land. Looking ahead during the

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The Federal Reserve’s policy-setting committee shifted gears on Wednesday and boosted its target lending rate by 75 basis points, or three-quarters of a percentage point, the highest uptick since 1994. The decision sets the

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June 16, 2022

Dallas-based investment company Leon Capital Group has purchased 140.3 acres of land near the Loop 202 Freeway and Dobbins Road in an area within Phoenix known as Laveen Village. Steeped in natural beauty and agricultural heritage, Laveen Village has been

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Five Mesa apartment complexes and a condo community have traded hands in the last three weeks in deals totaling $334 million. And on the heels on those deals, a nationwide rental listing firm said that while trends in

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The redevelopment plan only includes the northwestern portion of the property, totaling about 9 of 16 acres. The existing retail building on the southern portion, which includes a Natural Grocers and other retailers, is not planned to

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An affiliate of national investment firm Inland Real Estate Group has bought a pair of detached housing complexes outside Phoenix, which ranks among the top cities for single-family home rental investment in the United States. Illinois-based

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A new large multi-family housing project will be before the City Council for approval this month. Alta Uptown will bring 425 new apartment units to the southeast corner of Arizona Avenue and Commerce Place in Uptown Chandler.

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June 14, 2022

These recently completed and upcoming healthcare projects demonstrate the diversity of needs of the West Valley’s growing population, offering high-quality healthcare to residents and generating jobs throughout the region and beyond.

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Demand for shelter skyrocketed in response to the pandemic. With some financial assistance from federal stimulus and a push by lifestyle changes, renters and homeowners alike reviewed

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The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002, according to a new report from Redfin. That’s on par with April’s annual increase of

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The CPI calculation—consumer price index, or what’s commonly called inflation—was expected to run warm, but not like a Miami August afternoon on the beach without an umbrella for shade. “A Labor Department inflation report proved

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KORE Power, the Coeur d’Alene, Idaho–based maker of high-tech batteries, will break ground this fall on KOREPlex, its planned $1.25 billion gigafactory in Buckeye, Ariz., a KORE Power spokesperson confirmed

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June 13, 2022

The National Association of Realtors and Realtor.comreport an ongoing shortage of housing in the United States. A just-released report from CONTI Capital added an extra dimension to the discussion, indicating that housing construction permits aren’t

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A large part of southeast Mesa’s economic explosion has centered on the 5,000 acres that formerly served as the General Motors Desert Proving Grounds for over 50 years. GM used the land to test vehicles and components in

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As the developers of SkySong prepare to construct the largest office building planned for the campus in Scottsdale, the ownership group is looking to sell the existing office buildings, or sell stake in them and add a new investor. SkySong, which was

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Lucid Group Inc. (Nasdaq: LCID) has signed a lease for more than 116,000 square feet of industrial space in Tempe. Cushman & Wakefield’s Phil Haenel, Mike Haenel and Andy Markhamrepresented the landlord, TA Realty, as the three looked to

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Regulation imposed by all levels of government accounts for an average of 40.6% of multifamily development costs, according to joint research released by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NHMC).

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June 10, 2022

Gainey Business Bank has received its final approval from the Federal Deposit Insurance Corp. and state charter from the Arizona Department of Insurance and Financial Institutions and will open its doors by the end of June.

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Multifamily rent growth continues to remain strong, outpacing every year other than 2021, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate rose $19 in May to an all-time high of $1,680. Asking rents have

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Renters have changed the trajectory of investors’ expectations for the multifamily sector as they continue to relocate to affordable metros and suburban neighborhoods. Experts largely believed apartment rents would begin to

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The city of Phoenix is looking to open up several parcels of land in the growing area of downtown for potential commercial or residential development. The land, located on the southeast corner of McKinley and First streets, is currently used by

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May 2022 home prices continued their upward trend, due to ongoing demand and limited supply. Also on the rise? Homeowner equity.The CoreLogic Homeowner Equity Insights Report indicated that homeowners with

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