December 16, 2021

The Federal Reserve Open Market Committee announced some significant changes in monetary policy: a faster tapering of bond purchases and the possibility of as many as three rate hikes next year. The reasons are concern about inflation, which has been more

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Mayo Clinic has acquired 228 acres of land adjacent to its campus in North Phoenix, securing the ability to expand its patient-centered model of care and paving the way to develop a transformative biotechnology corridor.The L-shaped parcel wraps around the

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PHOENIX, AZ – The Canyon Partners Real Estate-managed emerging manager program, the Canyon Catalyst Fund has expanded with the addition of Rincon Partners LLC to its roster of emerging managers.As a full-service real estate investment and management firm, Rincon focuses

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The acquisition of longtime Arizona grocery chain Bashas’ by Sacramento-based Raley’s has been completed. The deal, which was first announced in October, consists of Raley’s buying Bashas’ and all its related brands – including

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A German insurance group has named a team of asset and fund managers to help it build a new U.S. real estate portfolio of core office and apartment properties at a time U.S. real estate is attracting an influx of foreign investment.

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December 15, 2021

Consumer prices grew by 0.8% in November and are 6.8% higher than a year ago, the Bureau of Labor Statistics recently reported. The figures matched expectations, so long-term interest rates hardly budged and

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The south bank of Tempe Town Lake could see a major new development near an already booming construction area.A $1.8 billion mixed-use development is planned for 1190 East Vista Del Lago Drive, south of the lake and

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High prices on properties shouldn’t scare off real estate investors, says John Chang, Senior Vice President and National Director Research Services at Marcus & Millichap in a video.“Just because the price of a piece of

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The massive investment from Taiwan Semiconductor Manufacturing Co. has already been lauded as a spark for development in the far northern part of Phoenix, but a group of suppliers that will service the

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A new report on single-family rentals by Cushman & Wakefield suggests shifting market realities may be calling for investors to reconsider how they balance their CRE portfolios. According to the firm, there are some

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December 14, 2021

The big question in the office sector of CRE is when will people return to the office. A line of government data that’s been building since May 2020 suggests that tens of millions already have. But, if so, why do so many in real estate and corporate management feel that the

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Toronto-based Mattamy Homes recently closed on 72 acres in Surprise for its $115 million master-planned community called Bonita Ranch.The Canadian homebuilder purchased the site located in the northwest Loop 303 corridor at Jomax Road and

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Three Mesa apartment complexes sold for a total of more than $354.5 million in a series of deals over two days last month as the investor feeding frenzy intensifies in the region’s multifamily market. While the activity of large investment groups in the

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Decron Properties continues to build a formidable portfolio of multifamily assets in the Phoenix MSA with its acquisition of Arrowhead Ranch by Baron, a 256-unit community in Glendale, AZ, for $101 million. With the addition of Arrowhead Ranch, Decron has now

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CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for September 2021.For the month of September, 3.9% of all mortgages in the U.S. were in some stage of

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December 13, 2021

Two national developers are looking to build a massive master-planned residential, industrial and commercial development called Legacy Point on nearly 350 acres in Peoria.Walnut, California-based Shea Homes and Kansas City, Missouri-based VanTrust Real Estate have

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Mesa City Council wrapped up a busy year on Dec. 8 by trying to jump-start a stalled residential project that’s now just steel skeleton in the heart of downtown.The final agenda of 2021 also included approval of more downtown housing, an east-side industrial development, utility rate increases, new technology to protect firefighters, new regulations for food trucks and a contract to ensure

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Major tech and media companies have set their third attempt at returning to the office en masse in early 2022. But with no end to the pandemic in sight, and with the shadow of uncertainty cast by the Omicron variant, some of those plans might be changing. Google on Thursday told staffers that the company will not be fully returning to offices in early January, after all. It will wait until

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Square Mile Capital Management has provided an $84 million loan for the ground-up development of Waterview Scottsdale, a 260-unit multifamily asset in Scottsdale, Ariz., Commercial Observer has learned. JLL’s Jeremy Womack negotiated the debt. The project, at 4518 North 73rd Street, is being developed by an

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A partnership led by Monarch Alternative Capital is reportedly planning to buy four of the Esplanade buildings in the Camelback corridor of Phoenix, according to a report.Real Estate Alert reported the New York-based hedge fund operator is partnering with Tourmaline Capital Partners in the deal, which is expected to be worth “about $385 million.” The seller is a partnership between

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December 12, 2021

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners

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Food, glorious food.That’s the motivation behind several large- and small-scale developments taking shape in the Valley as more businesses are interested in looking at ways to help city residents eat more sustainably. In the city of Phoenix, two

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Office investment sales volume this year has officially surpassed the total for 2020, with $34.8 billion of sales logged in the third quarter alone.The Q3 figure is an increase over the $26 billion posted in Q2, according to a new report from

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Developers Merit Partners Inc. and Lexington Realty Trust have broken ground on two industrial buildings in the 1,600-acre PV 303 industrial park in Goodyear, Arizona.Merit Partners, based in Phoenix, and Lexington Realty, an

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Arizona’s economy, led by the metro Phoenix juggernaut, should grow at a solid pace in 2022 following all of the drama of the past two years, and housing prices will avoid a crash despite recent price surges. Those were two key

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