Commercial Real Estate & Business News – February 15, 2021

Right now, there’s a lot of money on the sidelines waiting to scoop up distressed assets. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, estimated that between $50 and $100 billion is waiting to acquire deeply discounted property…»

“In the last 12 months, we’ve had a strong interest in our industrial build-to-suit business model as a result of the rise in e-commerce, and an increasing need for retailers to store and ship products as close to their consumer base as possible,” said Backman. “We’ve experienced amazing…»

Phoenix will be America’s second-hottest housing market in 2021, topping a list of mostly Sun Belt cities expected to continue heating up faster than the nation’s large coastal markets, according to a new Zillow survey of experts. Coming in at No. 1 on the list of America’s…»

The number one priority for the Biden administration is clear. It’s moving a COVID recovery package forward. “There is no question what the number one priority is for the Biden administration, and that’s COVID,” says Jake Fingert, general partner…»

The same pandemic that brought hundreds of Valley restaurateurs to their knees is also spurring a profound change in the food service industry that will be introducing dozens – if not hundreds – of new restaurant concepts to metro Phoenix over the next year. Take the latest announcement…»