Commercial Real Estate & Business News – June 24, 2021
CoStar’s Pandemic Recovery Dashboard for the US Oxford Economics compiles measurements of various parts of the economy to create its “Recovery Tracker.” The index has been showing steady gains so far this year. The index is developed by University of Oxford and Blavatnik School of Government to…» RED Development Breaks Ground on $300M Phoenix Mixed-Use […]
Commercial Real Estate & Business News – June 23, 2021
9 Pinal County Industrial Parks Driving Growth With thousands of acres of flat open land ideally situated midway between Phoenix and Tucson, and with easy access to major highway, rail and air transportation, it’s no wonder that Pinal County hosts an abundance of industrial parks. Ranging from…» Dallas Developer’s Controversial Midtown Phoenix Apartments get Zoning […]
Commercial Real Estate & Business News – June 22, 2021
New Yorkers, Californians Flee to Move to Arizona Americans are moving from population centers like New York, California, and Illinois in record numbers. And one of the hottest plans — both literally and figuratively? A move to Arizona. According to research from North American Moving Services, those moving…» Rent Growth Returns to Pre-Pandemic Levels in […]
Commercial Real Estate & Business News – June 21, 2021
Multifamily, SFR Should Remain Fastest Growing Housing Segment Multifamily and single-family rentals should remain the fastest growing segment of the US housing market says DBRS Morningstar in a new report. “Single-family rental is experiencing unprecedented demand, and we do not expect it to abate anytime soon…» Rental Prices Reach the Highest Level in Two Years: […]
Commercial Real Estate & Business News – June 11, 2021
Phoenix is No. 1 for Net Inbound Moves The pandemic has upended the meaning of home, and prompted many of us to rethink how and where we want to live. A new Zillow survey of inbound moves and outbound moves finds more than 1 in 10 Americans (11%) say they have already moved in the […]
Commercial Real Estate & Business News – June 10, 2021
Investment Firm Westcore Gets $500 Million Infusion From Arizona Pension System Industrial-focused investment firm Westcore received a $500 million equity capital infusion from the Arizona State Retirement System, with plans to pursue further acquisitions and development in high-demand sectors including e-commerce distribution…» NMHC Tracker: 77% of Apartment Households Paid Rent by June 6 In its […]