Nontraditional property types enjoying success

Credit: Rachel Kettenhofen/AZBEX

Casa Grande developments noted at summit

By Peter Madrid for Madrid Media, a contributor to AZBEX

Micro markets. Advanced manufacturing. Telemedicine. Flying cars. Pop-up sports facilities. As the development community continues to grow and change, so does its vocabulary.

That was evident at the 2017 Phoenix Metro Development Summit presented by Arizona Builder’s Exchange (AZBEX) at the JW Marriott Camelback Inn Scottsdale.

Kicking off the event was Mark Stapp, executive director of the Masters of Real Estate Development program at Arizona State University. His overview of where the Valley stands in the current commercial real estate cycle was positive.

“The overall feeling is that the market experienced a tiny blip, but it’s back up again,” Stapp said. “Where are investor returns headed in the next six months? Where are vacancy rates headed? These questions affect us all.”


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