Commercial Real Estate & Business News – November 30, 2020
NRF: Holiday Sales to Rise 3.6% to 5.2% in ‘Strong Finish’ to 2020The National Retail Federation issued an upbeat holiday forecast despite the ongoing COVID-19 pandemic, citing a strong stock market, rising home values and record personal saving rates. Sales during November and December will increase between 3.6% and 5.2% over 2019 to $755.3 billion…» Multifamily […]
Commercial Real Estate & Business News – November 25, 2020
I hope you have a Happy Thanksgiving! ‘Sigh of Relief’ for Markets on Janet Yellen News: Wall Street ReactsNews that Joe Biden will nominate Janet Yellen to be Treasury Secretary landed gently on Wall Street. What’s moving markets Traders intensely familiar with the former Federal Reserve chair cheered the pick in anticipation of her working […]
Commercial Real Estate & Business News – November 24, 2020
Largest Build To Rent Housing Community in Nation Sells in PhoenixApartment demand in the third quarter approached a record-high in Phoenix, and rent growth is outstripping the national average. But early indicators suggest the strong performance may start to soften. Thousands of luxury apartments are underway, the state’s eviction moratorium has expired and rental…» The […]
Commercial Real Estate & Business News – November 23, 2020
Phoenix Suburbs Are Thriving As Urban Apartments Play Catch-UpApartment demand in the third quarter approached a record-high in Phoenix, and rent growth is outstripping the national average. But early indicators suggest the strong performance may start to soften. Thousands of luxury apartments are underway, the state’s eviction moratorium has expired and rental…» A Look Inside […]
Commercial Real Estate & Business News – November 20, 2020
TSMC Wins Approval From Phoenix for $12 Billion Chip PlantCity officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech manufacturing to the U.S. and addressing national…» Westcore Breaks Ground on 3-building Industrial Park in AvondaleWestcore, a […]
Commercial Real Estate & Business News – November 19, 2020
Amazon’s Online Pharmacy Targets Popular Net Lease SegmentThrough the pandemic, pharmacies have been an e-commerce resistant segment of the real estate market. But that could be changing with a new announcement from Amazon. The e-commerce giant announced the launch of a new store, called Amazon Pharmacy, which will allow customers to complete…» Phoenix Proves ‘Most […]