Commercial Real Estate & Business News – November 2, 2020
Tempe a Top Nationwide Submarket for Tech Companies, Report SaysWhen it comes to office space suited for technology companies, both in the Valley and compared to most submarkets nationwide, Tempe remains king. The city just east of Phoenix ranked fourth among submarkets nationwide for net absorption growth between the second quarter…» Here’s What Real Estate […]
Commercial Real Estate & Business News – October 30, 2020
Here’s Why Phoenix is Ranked a Top 10 Tech MarketThe tech industry’s share of U.S. office-leasing activity in this year’s first half inched down to 20 percent from 21 percent last year, as tech employment has proven resilient during the pandemic, according to CBRE’s annual Tech-30 report. Phoenix scored well in most categories in the […]
Commercial Real Estate & Business News – October 29, 2020
4 Arizona Cities Among Top 20 with Employment Bouncing Back MostThe employment market continued to recover in September, as the latest jobs report shows that the national unemployment rate has fallen to 7.9%, which is 46% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city […]
Commercial Real Estate & Business News – October 28, 2020
Developers Start Affordable Housing Project in Downtown Phoenix Opportunity ZoneA Los Angeles investor and a Scottsdale, Arizona-based developer specializing in opportunity zone projects started work on a 235-unit affordable housing project in downtown Phoenix. Pacific Oak Capital Advisors and Defer Gain broke ground on the St. Ambrose apartments at 1155 E. Van Buren St. at […]
Commercial Real Estate & Business News – October 27, 2020
Is Capital Following People to Sunbelt?“We’re seeing actual population shifts,” William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. “I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more densely populated areas to lower…» Phoenix Retail Market Posts Positive Net […]
Commercial Real Estate & Business News – October 26, 2020
Is Capital Following People to Sunbelt?“We’re seeing actual population shifts,” William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. “I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more densely populated areas to lower…» Phoenix Retail Market Posts Positive Net […]