November 3, 2021

Ribbons of concrete and asphalt crisscross Arizona to form the freeways that connect the state’s residents to regional neighbors and the world at large. These corridors facilitate the flow of people and goods that are the hallmarks of daily life. Highway infrastructure is

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November 2, 2021

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

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Zonda managing principal Kimberly Byrum says she is seeing the best apartment market fundamentals in her 30-plus-year career in the multifamily industry.“We think it’s smooth sailing for the next couple of years,” she says.

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Tech companies accounted for nearly one-fourth of all US office-leasing activity in the second and third quarters, a big uptick from 2020 figures and a 122% increase over Q1.CBRE’s annual Tech030 report notes that more than two thirds of

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Update: The Phoenix City Council postponed a vote on selling 86 acres of land to the Arizona Department of Transportation for the construction of State Route 30 at its meeting Wednesday afternoon.A city spokesman said city staff requested

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Real estate economists and analysts expect U.S. economic growth to be lower than previously thought this year as inflation rises more than initially forecast. And they predict industrial property will produce the best returns among

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November 1, 2021

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

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From Broadway lights to bustling offices, big cities are back – and so are surging downtown rental prices. Following sharp declines during the pandemic, September data shows rents in the 10 biggest U.S. tech cities like Austin and 

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Scottsdale-based restaurant company Concept Entertainment Group Hospitality plans to open its largest Thirsty Lion Gastropub in the state next year.Its fifth location in Arizona will include 9,800 square feet between two stories located on a site next to the

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PHOENIX – The state of Arizona announced a new program Monday to assist homeowners experiencing financial hardships with nearly $200 million in federal funds.“This is direct and immediate aid,” Arizona Department of Housing Director Tom Simplot said in a

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Nationwide, 30.2% of Redfin.com users looked to move to a different metropolitan area in the third quarter of 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. And when it comes to where they’re

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October 29, 2021

WASHINGTON, D.C. — Flexibility, convenience and ultimately commercial real estate’s resilience will drive the industry over the next decade as owners respond to and recover from the COVID-19 pandemic.That’s according to Emerging Trends in

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2021 investment sales volume for industrial real estate is expected to exceed 2019’s record of $120 billion, according to a newly released LightBox-SIOR Industrial Investor Sentiment Report. Further, 71.7% of respondents surveyed expect investment

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Large investors are making a macro call that time is right to enter the seniors market after being on the sidelines even before the pandemic, according to Ted Flagg, Senior Managing Director for JLL Capital Markets, speaking to GlobeSt.

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The traditional type of snowbird has longtime favored Florida, and for good reason. The Sunshine State certainly offers warmth and endless miles of gorgeous sandy beaches as well as countless golfing options. But as the mix of people who travel

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Once again, metro Phoenix topped the nation in home price growth — at a whopping 33%.S&P Dow Jones Indices released the latest results of the S&P CoreLogic Case-Shiller Indices Tuesday, putting Phoenix at the top of the nation in the

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October 28, 2021

For homebuyers who don’t have a rich uncle to help make a cash offer on a home, Austin, Texas-based Homeward is expanding into the Phoenix market with a goal of helping homebuyers make those cash offers. Founded in

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Whether it’s for an economic opportunity or the need to find a better-suited home, moving is a common occurrence in America. And, while most people who move house tend to stay within the same general area, metro-to-metro

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There are 11 university markets set to add 1,000 or more student housing beds this year, according to data from RealPage. The Richardson, Texas-based research firm tracks new construction, rental rates and leasing activity in

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The 18,000-acre undeveloped portion of the Estrella master-planned development in Goodyear, Arizona, has been sold, the second massive land sale of the past week in Phoenix’s fast-growing West Valley.A joint

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Walton, a leading land asset management and global real estate investment company based in Scottsdale, Ariz., has completed a bulk sale of the 319-acre Vista Ranch property located in the city of Casa Grande, Ariz. The sale is

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October 26, 2021

SAN DIEGO and PHOENIX, Oct. 22, 2021 /PRNewswire/ — Realty Income Corporation (Realty Income,NYSE: O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE: VER) (“VEREIT”) today announced that they anticipate closing their previously announced

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Although many doubted the sector’s viability at the height of lockdown orders last year, the flex-office industry has emerged from the pandemic-induced downturn poised to play a key role as companies adapt their office portfolios to accommodate more

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Apartment demand will likely remain robust and rent growth remain elevated in 2022, given the current rates of absorption, rising mortgage rates in 2022, and the lower level of construction activity relative to current demand, according to National

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In recent years, adaptive reuse has become common practice in the construction industry. From factories transformed into chic lofts to historic buildings renovated into trendy restaurants, the trend to repurpose older and unused structures has

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