November 24, 2024 11:16 am
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The Valley’s most expensive construction starts

By Corina Vanek | Phoenix Business Journal

The 10 most-expensive commercial real estate developments to begin construction in the Valley in October were all either apartments or industrial developments, further outlining some of the changes to the market in the wake of the coronavirus pandemic.

The value of nonresidential construction starts in October 2020 was $249 million, a 43% decrease from the same period in 2019, according to research by Dodge Data & Analytics. Residential construction, which includes apartments and single-family homes, fared far better. About $1.3 billion in residential projects began construction in October 2020, a 25% increase from October 2019.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.