Commercial Real Estate & Business News – December 16, 2020
Vaccine Approval Could Mark a Turning Point in CRE Price DiscoveryInvestors hoping to cash in on a COVID-19 pricing discounts may see opportunities slip away as emergency-use approval of the first vaccine against in the virus was granted to Pfizer and with availability expected to grow as other firms gain approvals in the coming weeks […]
Commercial Real Estate & Business News – December 15, 2020
Commercial Mortgage Delinquencies are RisingProblems in the hotel and lodging sectors are pushing the commercial mortgage delinquency rate up. In November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to lodging…» Top 10 CRE Investment Predictions for 2021By all accounts, […]
Commercial Real Estate & Business News – December 14, 2020
California Investor Buys Apartments Across From a Phoenix CollegeA Pasadena, California-based real estate investment company paid $13 million for University Commons, a 126-unit apartment complex across from Grand Canyon University in Phoenix .Vancouver, British Columbia-based Terra Vista Investments…» Every Type of Investor Is Looking into U.S. Industrial PropertiesDriven by the pandemic, acceleration in online shopping […]
Commercial Real Estate & Business News – December 11, 2020
Investors Rethink Pandemic’s Effects on Retail, Industrial PropertiesThe commercial real estate narrative of 2020 has been that the retail property sector has been battered and abandoned by investors, while industrial has risen to the top. That is still the prevailing sentiment, but one that’s getting re-examined going into next year. Market experts are trying to […]
Commercial Real Estate & Business News – December 10, 2020
Jobs Magnet: Study Ranks Metro Phoenix No. 1 Nationally for Attracting, Retaining WorkersMetro Phoenix has finished at the top — again — in a national study that ranks counties by their ability to attract and retain high-quality workers and other economic-development factors. Maricopa County finished first in the study by labor-analytics firm Emsi, beating…» How […]
Commercial Real Estate & Business News – December 9, 2020
Long, Strange Trip: Arizona’s Recovery Continues at a Slower PaceThe Arizona recovery continued in the third quarter, although at a much slower pace than during the April-June period. The state has received a significant boost from the CARES Act, with just over $40 billion in federal funds flowing to the state in the second quarter. […]