| Long, Strange Trip: Arizona’s Recovery Continues at a Slower Pace The Arizona recovery continued in the third quarter, although at a much slower pace than during the April-June period. The state has received a significant boost from the CARES Act, with just over $40 billion in federal funds flowing to the state in the second quarter. That…» |
| Office Landlords Face Steep Climb in Reducing Operational Costs The future of office has been a question mark since the start of the pandemic, and many expect that the asset class would have a new look post-pandemic. Now, as tenants reevaluate how they will use space and integrate remote workers in the long term, that vision…» |
| 17% of Phoenix Office Buildings Have Had a Makeover Since 2000 Commercial real estate (CRE) is a competitive industry. Landlords compete to attract tenants and investors compete to get the properties with the best potential returns. And, in this never-ending race, owners of office buildings invest in renovating properties…» |
| Scottsdale Narrowly Approves $450 Million Mixed-use Redevelopment Plan The Scottsdale City Council narrowly approved the planned redevelopment of the southeast corner of Scottsdale and Camelback roads known as the Scottsdale Collection at its Monday evening meeting. The project, planned by Los Angeles-based Stockdale…» |
| Arizona Expected to Recover Job Losses in 2021, UA Forecast Predicts Arizona has recovered better than most states from COVID-19 economic disruptions but still has a long way to go, with the pace of improvement hinging on vaccines and further federal aid. That’s the view of George Hammond, a University of Arizona economist…» |