October 27, 2022

Drawing insights from over 2,000 leading real estate industry experts, the Urban Land Institute (ULI) and PwC US have released Emerging Trends in Real Estate 2023. The report confirmed that aspects of the industry are “normalizing” and returning to

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Despite the slight increase in demand in September, the VTS Office Demand Index (VODI) analysis has generally been trending downward in recent months amid rising interest rates and a cooling labor market. Its reported uptick ended

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Online retailers have tapped into the advertising power of their digital sites for years by relying on various automated tools to show third-party advertisements to relevant consumer segments. But now, retailers with a strong offline presence can also

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Invitation Homes, the nation’s largest single-family rental landlord, is slowing its acquisition pace and lowering profit estimates because of higher inflation and increases in tenant turnover and tax rates. In an earnings call Thursday, the Dallas-based company said

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October 26, 2022

The 2023 edition of People & Projects to Know (PTK) in Commercial Real Estate is one of our most exciting and dynamic editions yet! The team at AZ Big Media received an overwhelming number of nominations — for people and projects — but the editorial team was

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LOS ANGELES—The Single-Family Rental market has seen record investment in the past few years with many, including big builders and investment funds, all vying for a piece of the pie. But with the sector now ripe for a reckoning, what’s to come? A panel at the

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California-based Family Development and Phoenix-based Mosaic have teamed up to develop a $69 million build-to-rent community in Gilbert. Called Town Germann, the 209 luxury townhomes will range from 1,193 to 1,379 square feet, with monthly rental rates expected between

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While we’re not in a recession now, the outlook suggests that one is on the horizon. In the Wall Street’s Journal’s “Survey of Economic Forecasters,” 33 out of 63 economists predict negative growth in real gross domestic product in the first quarter of 2023. Oxford Economics, a

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Online-only brands are in for reckoning in 2023: Develop a physical presence of some kind or stumble. The necessity of having an omnichannel presence is one of five trends detailed in Forrester’s “Predictions 2023: Retail” report. The report forecasts that in 2023

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October 25, 2022

Developers have big plans for a big hole in the ground on 3.73 acres of prime real estate near the intersection of Scottsdale and Camelback roads, next to the Arizona Canal and the Scottsdale Fashion Square. After sitting fallow for years, the site is on course to

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Vantage Data Centers started the second phase of a data center campus in Goodyear, Arizona, as developers race to meet rising demand fueled by greater Phoenix’s growing popularity as a national technology and e-commerce hub. The Denver-based developer is

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The student housing industry scored high marks for the third quarter, with fall pre-leasing closing at a record percentage and rent growth remaining strong. According to the new quarterly National Student Housing Report from Yardi Matrix, the pre-leasing period ended in

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The developers of a food innovation center and international market in south Phoenix are set to start construction on Tuesday, about two years after its initial plans received approval from the city. Called Arizona Fresh: Agri-Food Innovation Center, the

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The organization that built the $280 million, 320-acre youth and amateur sports complex known as Bell Bank Park in southeast Mesa is in default of its loan that covered the project. A formal notice issued Oct. 18 by bond trustee OMB Bank to investors states that

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October 24, 2022

LOS ANGELES—The GlobeSt. Multifamily national conference kicked off this morning with a state of industry panel that brought together the most influential dealmakers in the U.S. multifamily real estate market. The panelists discussed key trends, major market shifts, the impacts of inflation on

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The strength of the Phoenix industrial market is expected to continue even as some developers pause projects in the Valley due to rising inflation. “The theme of our Q3 numbers is that Phoenix is still very much on fire with respect to all types of activity, breaking records with

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Blackstone and Dominium have partnered to develop the Aviara Flats community that will bring 372 new affordable housing units to Phoenix, Arizona. As part of this partnership, Blackstone will provide $48 million of tax credit equity to support the development of

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The housing market is rapidly changing, and it’s scaring off many young people who were planning to buy their first home. In a new study, SmartAsset analyzed the 200 largest cities where more (and fewer) young people are buying homes and our findings show that

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Metro Phoenix’s housing market is sliding toward buyers — as long as they can afford higher interest rates. Home prices dipped in September as the number of listings and days on market climbed. The number of home sales bucked the slowing and ticked up a bit. Interest rates are

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October 21, 2022

The latest NAIOP CRE Sentiment Index is down from spring 2022, suggesting that respondents expect unfavorable conditions for commercial real estate over the next 12 months. Currently the index stands at 47, compared to 52 in April, 56 a year ago and a pandemic-era low of

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Chang Chun Arizona, a leading petrochemical supplier based in Taiwan, broke ground today on its first U.S. manufacturing facility in Casa Grande, Arizona. The facility is expected to be operational in 2023 and create over 200 jobs, contributing to the

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A proposed surf and water park with a hotel district, retail, restaurants and entertainment options is one step closer to being developed in the city of Maricopa just south of the Phoenix metro. The 71-acre park with two, 5-acre surf lagoons, a water park and a

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Denver Firm’s $1.5 Billion Project Is Part of Rush by Developers To Meet Rising Demand Vantage Data Centers started the second phase of a data center campus in Goodyear, Arizona, as developers race to meet rising demand fueled by greater Phoenix’s growing popularity as a national technology and e-commerce hub. The Denver-based developer is building…Read More→

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The Phoenix housing market is normalizing. That is the message shared by Phoenix REALTORS, one of the foremost industry experts serving more than 11,000 real estate sales professionals Valley-wide, as the organization released the latest market data from Sept. 2022.

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October 20, 2022

The Scottsdale Design Review Board has recommended council approval of what the owner says will be a five-star restaurant called the Fiesta in Scottsdale’s entertainment district near Camelback Road and N. 73rd Street. The Fiesta, also known as

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