Richardson Office Building Nearly Vacant therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Working just three blocks apart in Phoenix’s burgeoning downtown Central Avenue corridor, Layton Construction Co. teams are simultaneously completing two high-rise projects that will collectively add almost 2.5 million sq ft of mixed-use residential, student housing, office and retail space.
A life sciences real estate building boom is sweeping the nation, driven by sharp increases in health-related VC funding, promising new therapies from pharmaceutical companies and a shortage of available space, particularly in emerging markets.
Investment in U.S. life sciences real estate increased 62% in 2021, according to a report from commercial real estate firm CBRE. Investment in the sector has grown by 111% since 2018 and another 10% increase is forecast for 2022, with much of that new investment going to ground-up development.
Joint Venture Breaks Ground on 1 MSF Central Station Mixed-Use Development in Downtown Phoenix rebusinessonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rebusinessonline.com Daily Mail and Mail on Sunday newspapers.
A downtown Phoenix redevelopment project that has been years in the making is nearing the start of construction, with early preconstruction activity on Central Station expected to begin in the first quarter of 2022.