Adjustments in Pricing Lag a Decline in Property ValuesOne thing that buyers and sellers can agree on these days is that there has been a reset in property values across many sectors and geographic markets. Yet the sticking point that continues to stall transactions is determining exactly how much … [Read more...] about Commercial Real Estate & Business News – September 22, 2020

Arizonans Could be Surfing in Mesa if a Proposed Development Moves ForwardArizona surfers could avoid the drive to California and flock to Mesa if a planned development comes to fruition with a two-acre wave lagoon. A southern California transplant living in Gilbert is behind the project planned at … [Read more...] about Commercial Real Estate & Business News – September 21, 2020

Absence Makes the Heart Grow Fonder for Working in the OfficeWith concerns about COVID-19 still lingering in the Phoenix metropolitan area, many workplaces have yet to welcome their employees back to the office. How productive employees are while working remotely is a mixed bag. Some love it, some … [Read more...] about Commercial Real Estate & Business News – September 18, 2020

Maracay Homes Closes on Another 140 Acres in Gilbert Next to Fast-selling CommunityScottsdale-based Maracay Homes has added 140 acres to its Waterston community in Gilbert, where the Scottsdale-based homebuilder just sold its 100th home in four months. Another 150 acres are under contract, which … [Read more...] about Commercial Real Estate & Business News – September 17, 2020

Abandoned Peoria Medical Center Gets New Lease on LifeOfficials with the city of Peoria have been frustrated by an abandoned construction project on the north side for years. Until now. First Service Medical LLC paid $3.15 million to buy the land that was originally planned to become the first … [Read more...] about Commercial Real Estate & Business News – September 16, 2020

3,500 Acres in North Phoenix Could be Transformed into Major Employment CorridorThe city of Phoenix and the Arizona State Land Department are aiming to reposition 3,500 acres of desert in north Phoenix for a major future employment corridor that would include a tech campus and mixed-use components. … [Read more...] about Commercial Real Estate & Business News – September 15, 2020