October 19, 2021

Vermaland, a leading Phoenix-based land banking and development company, is developing Verma Vistas III, an 1100-acre master plan community located in Tonopah, Ariz. Properties of this size are very difficult to come by, so this makes the

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October 18, 2021

Phoenix was named among the top metros for real estate prospects in 2022, according to the 2022 Emerging Trends in Real Estate report, done by the Urban Land Institute and PwC US.Phoenix ranked third in the nation, behind Nashville and Raleigh/Durham, respectively. The rank was calculated looking at overall growth, homebuilding, affordability and job prospects. The 2022 ranking was

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Last year, apartment rent growth was a tale of two cities, or at least two types of cities. Rents plummeted in major metros—in some cases by double digits—and jumped in small cities and suburbs—in some cases by double digits. This year, rents rebounded back in the big cities and continued to grow in emerging markets. This new period of rent growth is likely to be the new normal over the

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Scottsdale-based El Dorado Holdings Inc. has closed on 525 finished lots for $57.8 million at its 1,500-acre Bella Vista Farms master-planned community in San Tan Valley.Miami-based Lennar Corp. (NYSE: LEN), Incline Village, Nevada-based Tri Pointe Homes Inc. (NYSE: TPH) and Roswell, Georgia-based Ashton Woods are the three homebuilders selected to build homes in the

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It’s an exciting time to be an investor or developer in Greater Phoenix! The metro’s multifamily market is enjoying some of the most robust activity in its history, mainly fueled by its diverse economy and favorable demographic trends.According to Yardi Matrix data, multifamily sales totaled more than $8.5 billion in 2021 through September, placing Phoenix among the top spots for investment among major U.S. metros. 

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Arizona hospitals overall saw huge increases in their profits during last year.New figures from the Arizona Health Care Cost Containment System show total profits topped $1.5 billion – 33 percent above 2019 and far above anything reported in the past decade.It also found nearly 75 percent of hospitals with a positive operating margin. While there have been higher figures in the

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October 15, 2021

Although consumers are no longer engaging in the bulk shopping of the early pandemic, when center store products like household goods, paper products and shelf-stable grocery items were in high demand, current shopping behaviors still reflect the surge in home cooking and eating that originated with COVID lockdowns and

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Arizona has recovered nearly all of the jobs lost during the height of the COVID-19 pandemic. Some parts of the state, specifically the Phoenix area and Pinal County exurbs, recorded 297,000 more employees than they had last April.For the second month in a row, Arizona leads the nation in small business job creation

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Despite some looming challenges, especially housing affordability, in Phoenix, economic experts presenting at the Greater Phoenix Chamber’s annual Economic Outlook agreed the future for both the state and country is positive.Elliott Pollack, founder of Scottsdale-based Elliott D. Pollack & Co., said both rental housing

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Best Buy is betting that a good deal of health care in the future will be based in the home.The consumer electronics giant said that it has entered into an agreement to acquire Current Health, a U.K. care-at-home technology platform that brings together remote patient monitoring, telehealth and patient engagement into a

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Shoppers intend to make up for lost time with increased spending this holiday season, and that’s expected to buoy retailers’ foot traffic. JLL’s annual holiday survey results show consumers plan to spend 25.4% more this year, an average of $870 per person on all holiday-related purchases, comparable with

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October 14, 2021

Asking rents rose by 11.4% year over year at the national level in September, while the national average rent rose to an all-time high of $1,558, up $16 from August and 11.1% this year to date through three quarters. While this

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Industrial ended the third quarter on a record tear, with demand outpacing supply for the third straight quarter and absorption shattering prior records. A new report from Cushman & Wakefield shows that the market absorbed

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Costco Wholesale maintained double-digit U.S. comparable-sales growth excluding fuel in September, with net sales in line with sequential and year-over-year gains.For the five weeks ended Oct. 3, net sales climbed

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While single-family homebuilding permits in metro Phoenix have been down this summer, they’re still a whopping 27% higher than this time last year.Valley municipalities issued 22,535 homebuilding permits between January and

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Buying a second home may seem like a pipe dream, something reserved for only the most well-off. But in reality, that’s far from the truth. Buying a second home is more doable than you might think for homeowners of all

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October 13, 2021

During my many years of service on the Scottsdale Planning Commission, there were several meetings where city staff updated us on the progress of the revised general plan and asked us for our comments.City planning staff put in untold hours of

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Greater Phoenix has earned a reputation as an attractive place for industrial developers thanks to a business-friendly environment, well-built infrastructure and the region’s proximity to trade ports in California. These are some of

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During the pandemic, people traded city life on the West Coast for Phoenix—and investors have followed. While multifamily and build-to-rent housing has caught most of the attention, net lease investment is also on fire, and industrial is

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For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report.This improvement came as monthly mortgage payments fell by 1.1% while

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When it comes to inflation, supply chain management and rising materials prices in the construction industry, many agree that the repercussions of what has been seen over the past two years could be long-lasting, reports Fixr, according to

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October 12, 2021

A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy gifts earlier, a development that would support retail property values in the pandemic.ICSC released on Tuesday the results of its annual Holiday Shopping Intentions Survey, which found

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There has been a lot of speculation around when corporate America will return to the office en masse. It isn’t easy to peg a long-term trajectory for the office industry when the companies that occupy office buildings are making varied decisions along a spectrum of return dates. Some companies brought their people back last year, more

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The nonresidential construction industry is seeing some positive momentum following consistent slowdowns in the summer months. Dodge Data & Analytics’ latest Momentum Index for the month of September showed an 11.4 percent increase to 164.9, up from August’s reading of 148.0.Dodge’s Momentum Index is a monthly

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As the country begins its economic recovery efforts in all industries, it remains clear that last-mile logistics and solid infrastructure are key to seamlessly fueling growth throughout commercial real estate and beyond. Historically, the health of the commercial real estate segment has been a trustworthy indicator of the elasticity of the

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