Commercial Real Estate & Business News – May 26, 2021
Restaurant Innovator Sam Fox Announces Highly Anticipated Luxury Hotel in Phoenix One of the industry’s leading restaurateurs and premier hospitality brand developers, Sam Fox, is making his official foray into the luxury hospitality industry with the announcement of his internationally inspired hotel, The Global Ambassador. Where Phoenix, Scottsdale and Paradise Valley converge,…» Developer Starts Arizona’s […]
Commercial Real Estate & Business News – May 25, 2021
Developers Plan an Oasis in a ‘Restaurant Desert’ In southeast Mesa, Eastmark and Cadence developers have successfully turned cactus fields into thousands of high-end homes. But many who moved into the new neighborhoods complain they are stuck in a “restaurant desert.” Ask Peter Martens, an…» Population Growth, Housing Shortage Fuel Hot Self-storage Market in Valley […]
Commercial Real Estate & Business News – May 24, 2021
Target Stores ‘Stars of the Show’ in Blowout Quarter Target Corp. had a record-breaking first quarter as shoppers flocked to its stores and sales of its owned-brands reached an all-time high. “Our performance in the first quarter was outstanding on every measure, and showcased the power of putting…» Macy’s Seeks To Reposition Real Estate on […]
Commercial Real Estate & Business News – May 21, 2021
20 Most-profitable Public Companies in Arizona There is no debating the fact that 2020 was a tough year for business. Jobs were lost. Businesses were shuttered. Some companies were forced to pivot, then pivot again, and then pivot again. Even with the challenges the COVID-19 pandemic presented,…» CityScape Phoenix Is Now 98% Leased as RED […]
Commercial Real Estate & Business News – May 20, 2021
Here’s Where Phoenix Ranks Among Best Places to Invest in Real Estate As we move deeper into 2021, the U.S. commercial real estate (CRE) market is poised to move beyond its trough of 2020 and enter a new cycle of growth. Thanks to a reported 3.8% increase in GDP and the mass distribution of COVID-19 […]
Commercial Real Estate & Business News – May 19, 2021
Investor Activity Will Further Compress Cap Rates This Quarter Cap rates for highly desirable assets have compressed as the COVID-19 pandemic winds to a close, as limited supply and investor optimism drives up prices in certain regions of the US. Despite contracting yields, the margins for well-positioned assets remain wide when compared…» Walmart Blows Past […]