May 27, 2022

In Arizona, projects across all sectors have felt the impacts of increasing construction costs as a result of supply chain disruption, the Covid-19 pandemic and demand for materials and labor, which have

Read The Full Article...

The past few years boosted the U.S. cannabis industry in several ways, increasing production and sales and enticing more states to legalize or at least begin the process of legalizing cannabis for medicinal and/or

Read The Full Article...

May 26, 2022

Circle K Stores Inc. has listed 14 stores in Arizona for sale.The Tempe-based convenience store chain is selling off assets in order to “optimize its portfolio.” Back in 2021, Circle K’s parent company, Quebec-based

Read The Full Article...

The latest RentCafe research looks at how much apartment space each renter gets to themselves — and Scottsdale renters get the most space in the Valley. In the Phoenix metro, the big city itself is surpassed

Read The Full Article...

A new real estate development company founded by a longtime executive at Goodwill of Central & Northern Arizona, closed Friday on its first property. The Shops at Apache Junction, a 62,000-square-foot retail center near the

Read The Full Article...

The cost of renting a warehouse in the U.S. has skyrocketed in the past two years, while vacancy has plummeted to record lows. A booming e-commerce sector, reshoring manufacturers, and other contributing factors have kept

Read The Full Article...

Pickleball Kingdom is now open in a former Gold’s Gym location at 4950 W. Ray Road in Chandler. The facility offers 15 indoor pickleball courts. Mike Rodrigues, who is also the co-founder of Chandler-based

Read The Full Article...

May 25, 2022

Here are the Top 10 commercial real estate brokerage firms in Arizona, based on public voting for the 2022 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona is based purely on

Read The Full Article...

Multifamily developer 29th Street Capital bought 20 acres for a planned single-family rental project in Apache Junction, Arizona, as the firm expands its footprint in greater Phoenix with its first development project. The Chicago-based developer paid

Read The Full Article...

Last week offered a startling look, which set off a plummet on Wall Street, at how the highest inflation in more than 40 years is dragging down some of the nation’s biggest retail chains. In a series of first-quarter earnings releases, companies and major users of

Read The Full Article...

The city of Glendale is looking to transform a massive property next to its sports and entertainment district into a master-planned development with office, retail, hotel, commercial and high-density housing

Read The Full Article...

Real estate investors are sweet on multifamily – so much so that they have increasingly been willing to pay more for it than ever before, especially in certain circumstances. Whether that demand can continue or a bubble burst is on the horizon is the focus of a new Multifamily Trading Bulletin from

Read The Full Article...

May 24, 2022

Certain birds of prey are known for their incredible vision. Our very own Sonoran Desert dweller — Harris Hawk — not only registers objects at incredible speeds but also possesses acute vision of varying light waves. Much like the

Read The Full Article...

At least 30 apartment developments stalled or were shelved across metro Phoenix in 2021 due to not-in-my-backyard-ism, zoning issues and political backlash. That’s an industry estimate from apartment experts and includes projects spanning from

Read The Full Article...

If you thought the first quarter’s $63 billion in multifamily sales was a lot, consider the dry powder that is still waiting on the sidelines for this asset class. According to Newmark, it is a record $250 billion. That equates to over

Read The Full Article...

The city of Goodyear is looking to expand its foreign trade zone sites, which significantly reduces property taxes, in a growing industrial corridor in the West Valley. The 113-acre property is known as Prologis 303 Business Park and is located on the

Read The Full Article...

A famous mid-century office building in midtown Phoenix will soon become part of a mixed-use campus with new housing, amenities and an outdoor park for the community. Formerly known as the Phoenix Financial Center, the Punchcard Building was developed

Read The Full Article...

May 23, 2022

LAS VEGAS—Welcome to ICSC Las Vegas! GlobeSt.com is in attendance along with many others, who exclusively tell us that optimism is in the air. Optimism in the industry remains high. US consumers are still in

Read The Full Article...

In another sign of the strength of the U.S. consumer and the resiliency of brick-and-mortar retail, in-store retail sales per square foot rose to records across most major categories in the first quarter, according to data compiled by Datex Property Solutions and reported by

Read The Full Article...

Apartment and condominium developers have soured on future prospects, a sentiment that could slow construction activity in a few months. The National Home Builders Association’s quarterly index measuring developer sentiment fell

Read The Full Article...

New data indicates that rental competition remained relentless in April, as the U.S. median rental price hit a new high ($1,827) for the 14th month in a row, according to the Realtor.com Monthly Rental Report released today. These trends spotlight the

Read The Full Article...

With ICSC Las Vegas now underway, attendees can finally put into action what they have been hoping to do the most at this year’s show. For many, if not most, attendees that means face-to-face contact. We’ve been asking attendees for weeks what they are most looking forward to

Read The Full Article...

May 20, 2022

The 171-unit Hudson on Farmer apartment complexin downtown Tempe sold for $96 million, or $561,414 per unit, as investors continue to buy multifamily properties in the Valley at a rapid pace.

Read The Full Article...

Two publicly traded homebuilders are unveiling new communities in the Valley at a time when the market is cooling. Landsea Homes Corp. (Nasdaq: LSEA) has begun selling 90 homes at Rev at Eastmark in Mesa while KB Home (NYSE: KBH) opened

Read The Full Article...

When Nick Campisano and Josh James went on food trips, the food and beverage industry veterans were constantly fascinated by what big food-centric cities like New York and Chicago were doing. Campisano talked about

Read The Full Article...