Commercial Real Estate & Business News – April 22, 2021
Can Phoenix Become America’s Semiconductor Capital? Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In light of the global semiconductor shortage, however, the U.S. is becoming…» What is on the West Valley Horizon in […]
Commercial Real Estate & Business News – April 21, 2021
Strong First Quarter Demand a Welcome Sign for Apartment Owners Apartment demand in the United States continues to outpace typical seasonal trends, with the rollout of coronavirus vaccinations helping to drive one of the best first quarters for demand over the past decade. Demand came in stronger than the usual fourth quarter…» What Investors Need […]
Commercial Real Estate & Business News – April 19, 2021
Hotels and Retail Should Recover Faster Than Expected As more Americans are vaccinated, expect certain segments to recover faster over the next 90 days, according to John Chang, senior vice president and director of research services at Marcus & Millichap. “The property types that will see the impact fastest are hotels…» One-of-a-Kind Retail Sportsbook Coming […]
Commercial Real Estate & Business News – April 16, 2021
Kimco Realty, Weingarten Realty to Merge in a Deal Valuing Weingarten at Nearly $4 Billion Kimco Realty Corp. KIM, +2.31% announced Thursday an agreement to buy Weingarten Realty Investors WRI, +12.55% in a cash and stock deal that values the owner of grocery-anchored shopping centers at about $3.9 billion. Kimco’s stock was up 0.2% in […]
Commercial Real Estate & Business News – April 15, 2021
How are Stimulus Checks Being Spent? Two-thirds of Recipients say They use Them for Groceries, Monthly Bills Approximately 159 million economic impact payments, totaling more than $376 billion, have gone out to eligible recipients in the last month — and the majority of that money continues to be spent on groceries, rent and other monthly […]
Commercial Real Estate & Business News – April 14, 2021
Are Californians Ruining the Arizona Housing Market? The median home price of the average single-family home in Arizona has been increasing drastically over the past several years. Since 2015, the Arizona housing market has seen the median closing sale price increase from $211,000 to an astonishing $350,000. While many native Arizonans angrily profess to…» The […]