Commercial Real Estate & Business News – April 27, 2021
2 New Amazon Sort Centers will Create Hundreds of Arizona Jobs Amazon is continuing its investment in Arizona with two new sortation centers — one in Glendale and one in Tucson — to support customer fulfillment and delivery operations. The Tucson site is expected to open later this year and create hundreds of new full- […]
Commercial Real Estate & Business News – April 26, 2021
Office Is On a Slow Slog to Recovery The office market is showing renewed signs of life as firms evaluate and implement return-to-work strategies, with average leasing rates inching up 1.4% year-over-year to an average of $38.67 per square foot. Manhattan remained the priciest market nationwide, with…» Wood Partners Will Build New Luxury Community in Gilbert […]
Commercial Real Estate & Business News – April 23, 2021
Arizona Among Top States Ranked for Economic Momentum, Report Says Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to the first quarter Index of State Economic Momentum published by…» Chipotle to […]
Commercial Real Estate & Business News – April 22, 2021
Can Phoenix Become America’s Semiconductor Capital? Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In light of the global semiconductor shortage, however, the U.S. is becoming…» What is on the West Valley Horizon in […]
Commercial Real Estate & Business News – April 21, 2021
Strong First Quarter Demand a Welcome Sign for Apartment Owners Apartment demand in the United States continues to outpace typical seasonal trends, with the rollout of coronavirus vaccinations helping to drive one of the best first quarters for demand over the past decade. Demand came in stronger than the usual fourth quarter…» What Investors Need […]
Commercial Real Estate & Business News – April 19, 2021
Hotels and Retail Should Recover Faster Than Expected As more Americans are vaccinated, expect certain segments to recover faster over the next 90 days, according to John Chang, senior vice president and director of research services at Marcus & Millichap. “The property types that will see the impact fastest are hotels…» One-of-a-Kind Retail Sportsbook Coming […]