Commercial Real Estate & Business News – April 5, 2021
The ‘Aging Millennial Generation’ is Driving Housing Market The light at the end of the tunnel is growing brighter for housing investors, particularly as vaccine rollouts gather steam and the economic recovery widens. In a recent video breaking down what’s driving the single-family housing market, John Chang, senior vice…» The Watermark | Tempe in Arizona […]
Commercial Real Estate & Business News – April 2, 2021
A Hint of What’s to Come for Dying Malls: Phoenix Mall Owner Sells out as Property is Rezoned for Other Uses The future of the suburban shopping mall could look something like a mini community, with far fewer places to shop. The U.S. mall owner Macerich announced Thursday it’s sold a majority stake in Paradise […]
Commercial Real Estate & Business News – April 1, 2021
Phoenix Multifamily Market Hits $42B in Sales Over the Last Decade The Phoenix multifamily market is officially among the top in the nation. According to a new report from Commercial Search, the city is ranked sixth in the nation for multifamily sales over the last decade. The market has closed $42 billion in apartment investment […]
Commercial Real Estate & Business News – March 31, 2021
Need Retail Space? Circle K Parent Company puts 17 Locations in Arizona up for Sale The Canadian company that owns the giant Valley-based convenience store chain Circle K Stores Inc. is selling off hundreds of locations, including 17 in the Arizona. Alimentation Couche-Tard Inc. announced on March 22 that the company would be putting a […]
Commercial Real Estate & Business News – March 30, 2021
Phoenix Named No. 1 Growth Market for Big-box Industrial Sector Phoenix was named the top growth market in North America for large-warehouse leasing activity in the industrial sector, with 9.1 percent of its inventory absorbed in 2020, according to a new report from CBRE. Transaction activity reached a record level for big-box warehouses…» Phoenix Lands […]
Commercial Real Estate & Business News – March 29, 2021
2021 Poised to be a Seller’s Market for CRE Assets Any pricing reductions from the pandemic and economic dislocation will be short-lived. A new survey from CBRE finds that 70% of respondents plan to increase investment by at least 20% this year compared to 2020, but only 30% of investors on the sale-side made the […]