Commercial Real Estate & Business News – July 9, 2021
Maricopa County No. 9 for Largest Population Growth in U.S. Out of all large U.S. counties, Maricopa County is experiencing the 9th largest population growth, according to a new report from HireAHelper. For the first time ever, California posted a population decline in 2020, and the United States as a whole didn’t fare much better. Its […]
Commercial Real Estate & Business News – July 8, 2021
U.S. economy Added 850,000 Jobs Last Month, as Companies Scramble to Find Workers The U.S. economy gained 850,000 jobs in June and the unemployment rate rose to 5.9 percent, from 5.8 percent, a sign that the recovery of the world’s largest economy is building momentum after misses in April and May. Economists had expected gains […]
Commercial Real Estate & Business News – July 7, 2021
Apartments Drive Growth in Self Storage Self storage facilities have become as American as Motherhood and Apple Pie. And ubiquitous, too. There are now more self storage locations than every Best Buy, Lowe’s, Home Depot, Walmart, McDonald’s and Subway stores put together, according to a new report from…» Multifamily Industry Sees Surge of Liquidity Lenders […]
Commercial Real Estate & Business News – July 6, 2021
What U.S. Cities Could be Top Office-performers Coming out of Covid — and where Phoenix fits in Commercial real estate advisory firm Newmark Group Inc. recently released a report examining challenges and opportunities resulting from the Covid-19 pandemic in nearly two dozen cities across the U.S. The report, called The Newmark Opportunity Index,…» […]
Commercial Real Estate & Business News – July 2, 2021
Scottsdale Plaza Resort Property Sold for $90.75M The Scottsdale Plaza Resort, one of the largest hospitality properties in the Valley, was acquired by a partnership between premier hospitality management company Highgate and Boston-based real estate private equity firm Rockpoint Group. The transaction priced at…» Construction Begins on UArizona’s New Applied Research Building Construction of the […]
Commercial Real Estate & Business News – July 1, 2021
High-Quality Office Product Generates Heightened Investor Interest As the economy takes steps to recovery, the office sector continues to shift. Hybrid work scenarios and the yet unknown way companies will ultimately utilize office space are keeping investors in a holding pattern. Despite this wait-and-see approach, high-quality…» Leisure Demand Lifts US Hotel Industry Closer to 2019 […]