Are Manufactured Homes An Affordable Housing Solution?

By Ashley Kritzer | The Business Journals In rural Florida, a new development could offer one solution to the nation’s affordable housing crisis: a built-to-rent community populated with manufactured homes. ERC Communities, led by Jerry Ellenburg, is about to begin horizontal construction on a 60-unit manufactured housing project in Zephryhills, the small city 30 miles …

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Developer Proposes Turning Harkins Theatre Into Apartments

By Corina Vanek | Phoenix Business Journal A plan to redevelop a Harkins Theatres location in north Phoenix could spark yet another new trend — repurposing outdated retail real estate to meet changing market demand. Developer Wolff Co. hopes to raze the North Valley 16 movie theater and redevelop the site into apartments. Jason Morris, …

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$1.5M Cave Creek Shopping Center Renovation Nears Completion

By Corina Vanek | Phoenix Business Journal After making his firm’s first real estate investment in the middle of the Covid-19 pandemic, David Malin is nearing the end of a $1.5 million renovation to the Cave Creek shopping center. Malin, founder of Scottsdale Development Partners, bought the Shops at Dynamite Creek in Cave Creek for …

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Construction Wraps Up On North Scottsdale Spec Office Building

By Corina Vanek | Phoenix Business Journal Axis Raintree, a 175,112-square-foot speculative office building, developed as a partnership between Trammell Crow Co. and PGIM Real Estate completed construction. Trammell Crow Co. and PGIM Real estate completed construction on Axis Raintree in north Scottsdale. The building began construction in October 2019 on one of the last …

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Cold Storage Properties May Be a Boon for Commercial Real Estate

By Ashley Gurbal Kritzer | Tampa Bay Business Journal Long before the novel coronavirus pandemic sent Americans racing for their smartphones to order groceries, industrial real estate observers were keeping a close eye on the availability of temperature-controlled warehouses. COVID-19 vaccines that require very specific temperatures — Moderna Inc.’s vaccine requires temperatures of minus-20 degrees …

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Inbound Migration Accelerates From California to Arizona

By Corina Vanek | Phoenix Business Journal Even before the novel coronavirus pandemic, people moving to Arizona from California represented 23% of all inbound residents over more than a decade. And more are on the way. Migration patterns from 2006 to 2018, studied by CBRE Group Inc. show, on average 52,251 people moved from California …

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