Commercial Real Estate & Business News – March 23, 2021
Americans Have $1.7 Trillion to Burn in Revenge-Spending Binge Shoppers are out for vengeance. A year into a pandemic that’s devastated lives, jobs and the economy, those who are lucky enough to have disposable income are ready to go out and splurge — even if they still have nowhere to go in that stunning dress […]
Commercial Real Estate & Business News – March 22, 2021
Phoenix Market Update: Suburban Assets Lead Activity After closing January with $137 million in office sales, Phoenix’s transaction activity lost some steam in February. According to CommercialEdge data, 438,968 square feet of office space traded across the metro for $108 million. The sales amount was 26.4 percent higher year-over-year,…» Retail Rent Collections Climb to 90% […]
Commercial Real Estate & Business News – March 19, 2021
Rent is Cheap, Vacant Space is Everywhere: Retailers Seize the Moment to Open Stores For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid pandemic […]
Commercial Real Estate & Business News – March 18, 2021
Downsizing: Office Market Slow, not Stagnant in Phoenix After a Year of Covid A year after the Covid-19 pandemic forced many businesses to move employees to working remotely, activity is beginning to pick up in the Phoenix office market, though on a smaller scale. “Tour activity is up substantially,” said Andrew Cheney, principal at Lee […]
Commercial Real Estate & Business News – March 17, 2021
Happy St. Paddy’s Day! County Islands: Why Arizona has so Many and why Tempe Residents Want to get rid of Theirs Tempe residents and city officials hope a recently approved apartment complex north of Loop 202 could jumpstart redevelopment on a county island dotted by a strip club, a pawn shop and scrap-metal shops. At […]
Commercial Real Estate & Business News – March 16, 2021
Scottsdale Investor Buys, Plans To Rebrand 47-Room Days Inn A local investor bought the Days Inn & Suites Scottsdale North in Scottsdale, Arizona, and plans to renovate and rebrand the property as a boutique-style hotel to take advantage of the increasing number of entertainment and tourism options coming to the Phoenix suburb. Scottsdale-based…» Phoenix Office […]