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 […]
Commercial Real Estate & Business News – February 18, 2021
Capital Markets Remain Strong for Affordable Housing Considering the unprecedented challenges faced in 2020, the affordable housing industry managed to do pretty well. Projects still got built, capital continued to be available for new deals, and, perhaps, new light was even shined on the importance of a place to call home. Having weathered economic…» Top […]
Commercial Real Estate & Business News – February 17, 2021
Phoenix Megaproject Closer to Groundbreaking After receiving rezoning approval from the city of Phoenix, Macerich and RED Development are moving forward with redevelopment plans for Paradise Valley Mall, requesting the City Council’s approval tomorrow, Feb. 17. The developers intend to transform the 1.2 million-square-foot shopping center into a 6.5…» 5 Arizona Housing Market Predictions for […]
Commercial Real Estate & Business News – February 16, 2021
Arizona Ranks No. 5 for Migration Growth If you’re of the opinion Tennessee and Arizona are fun places to visit and would be beautiful spots to live, take a number and get in line. U-Haul customers are well ahead of you. The Volunteer State posted the largest net gain of U-Haul trucks crossing its borders […]
Commercial Real Estate & Business News – February 15, 2021
Stimulus Should Support Property Values Until the Recovery Begins Right now, there’s a lot of money on the sidelines waiting to scoop up distressed assets. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, estimated that between $50 and $100 billion is waiting to acquire deeply discounted […]