Big city life became less desirable as 2020 unfolded. Renters and homeowners alike considered moving out more than ever and the surrounding towns became a focal point of multifamily development in the U.S.
Read MoreWorking on a plan to create a 26-story tower and incorporate a historic building in downtown Phoenix’s warehouse district has been a “labor of love” for real estate attorney Nick Wood, who said the project will greatly benefit a Phoenix nonprofit that aims to train people for in-demand jobs.
Read MoreIn a time period when only one-third of metros in the country added construction jobs, the Phoenix area led the pack for job growth in the industry.
Read MoreConstruction on a long-planned interchange at Lindsay Road and Loop 202 in Gilbert began on Monday.
Read More2020 was a momentous year and one that had a dramatic impact on commercial real estate. Office and retail leases stalled, building sales halted and hotel projects were largely put on hold during the height of the Covid-19 pandemic. But that isn’t evident with the massive amount of large developments — from a factory to apartment and office towers to entertainment destinations — teed up to start in 2021. It’s a clear sign that developers are optimistic about 2021 and the years to come.
Read MoreEconomic development leaders and real estate professionals are expressing “guarded optimism” for the Phoenix economy and real estate industry in 2021.
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