Commercial Real Estate & Business News – December 8, 2020
Smaller Industrial Tenants Are Having an Outsized Impact in PhoenixWhile it is typically the larger, 300,000-square-foot-plus industrial leases that capture headlines, smaller tenants have been accounting for an outsized share of Phoenix’s leasing volume. Industrial leasing in Phoenix accelerated in the second half of 2020…» Apartment Developers Pivot to the SuburbsApartment developers are taking notice […]
Commercial Real Estate & Business News – December 7, 2020
Economy Adds Disappointing 245,000 Jobs in November While COVID-19 Rages Across CountryU.S. employers added a disappointing 245,000 jobs in November amid a surge in COVID-19 cases and more state business constraints as well as the looming halt of extended jobless benefits and other federal lifelines for millions of Americans. The unemployment rate, which is calculated […]
Commercial Real Estate & Business News – December 4, 2020
Maxwell on 66th Sells for $122.5M in Biggest Multifamily Deal of 2020Just a day after news of the $187 million sale of the Grand2 office building in Tempe, another nine-figure transaction hit the books. According to the commercial real estate transaction tracking website Vizzda.com, the Maxwell on 66th apartment complex…» These 4 Healthcare Projects Transform […]
Commercial Real Estate & Business News – December 3, 2020
Arizona Treasury Department Optimistic Into 2021Despite the pandemic’s devastation to state and local businesses this year, Arizona’s economic outlook in 2021 is fairly strong — at least, according to the office that manages the state budget. “Housing market continues to have impressive gains, up 11%, year…» Arizona Economy Could Withstand Brief Shutdown, Economist SaysPHOENIX – […]
Commercial Real Estate & Business News – December 2, 2020
ASU Forecast: Arizona, U.S. Could be Back Near Economic Normal in 2021As Arizona State University forecasters see it, 2021 will mark a return to near normalcy for the state and national economies — assuming a vaccine next year stems the COVID-19 outbreak and Congress adopts a stimulus package to keep the rebound on track…» COVID-19 […]
Commercial Real Estate & Business News – December 1, 2020
Deals for 2 Game-changing Projects Could Redefine Both Sides of ValleyJust a week apart in late September, a pair of groundbreaking sports, recreation and entertainment projects were announced on opposite sides of the Valley. In the West Valley, Glendale was chosen as the site for a one-of-a-kind attraction, as Crystal Lagoons released its plans for […]