Commercial Real Estate & Business News – February 26, 2021
US. Retail Sales in 2021 to Rise 6.5% to 8.2% Amid Vaccine Rollout, Says NRF Retail sales in the U.S. this year are expected to total more than $4.33 trillion as more individuals receive the COVID vaccine and the economy reopens. That’s according to the National Retail Federation’s just-released annual forecast, which estimates that 2021 […]
Commercial Real Estate & Business News – February 25, 2021
Mullin360 Will Turn Old Sam’s Club into Casa Grande Auto Park An old shopping center site is getting new life in Casa Grande, as a new auto park from Mullin360 is poised to bring more jobs and tax revenues to the community. It’s yet another example of the major improvements and expansions happening in south […]
Commercial Real Estate & Business News – February 24, 2021
Cushman Says Esports Arenas, Hospitals Could Be Future of Vacated Malls To see the future of U.S. malls and shopping centers, go no further than the Cary Towne Center in North Carolina. The former site of retailers Dillard’s, Foot Locker and The Children’s Place will soon be the headquarters of Fortnite video game maker Epic […]
Commercial Real Estate & Business News – February 23, 2021
5 Hottest Real Estate Markets in Arizona The U.S. housing market has weathered a challenging 2020. Unprecedented events such as a global pandemic and a tumultuous presidential election have fueled a period of economic uncertainty. However, despite these challenges, recent research shows that Arizona’s real estate market will see an 8.2%…» Rents Increased In Metro Phoenix […]
Commercial Real Estate & Business News – February 22, 2021
Arizona Expected to Add 325,000 Jobs by Spring 2022 A new report released by the Arizona Office of Economic Opportunity is projecting strong job growth in the state over the next two years, with the largest gains in Arizona jobs happening in sectors hit hardest by the pandemic. “Arizona is a place where opportunities are […]
Commercial Real Estate & Business News – February 19, 2021
Phoenix Ranks No. 6 Among Hottest Multifamily Markets New research shows that Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade. Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates. The latest…» Phoenix […]