Commercial Real Estate & Business News – January 8, 2021
DoorDash Building Trades in Phoenix’s Largest Office Deal of 2020Lincoln Property Co. sold its newly developed Grand2 property. The deal was the largest office transaction in Phoenix last year, and the fifth largest office deal in the US. Grand2 is a 9-story, 358,000-square-foot office building fully leased to San Francisco-based DoorDash. Apex Capital Investments Corp. […]
Commercial Real Estate & Business News – January 7, 2021
Real Estate Industry Outlook 2021For the real estate market, 2021 will be about reinvention. Real estate leaders will be challenged to find responses to COVID-19 and civil unrest threatening their property values. This uncharted territory will first and foremost involve preserving value across each portfolio, keeping…» Multifamily Leaders Concerned about Rent Issues, Economy: SurveyAs the […]
Commercial Real Estate & Business News – January 6, 2021
A KeyBank Executive Assesses the Risks AheadAs Hank Nicholas, national business leader of Project Finance and Affordable Housing Divisions for KeyBank Real Estate Capital, looks at the year ahead, he’s keenly aware of the risks lingering in the market. Whether it is market risks around primary, secondary and tertiary markets…» 41 Acres Sold in Goodyear; […]
Commercial Real Estate & Business News – January 5, 2021
Michael Pollack Looks at Retail Struggles of 2020 and What Lies AheadThe past year has been a struggle for many industries, but no industry was affected more by the COVID-19 pandemic than the retail industry. To get a better view of what the retail market in the Greater Phoenix market endured during 2020 and what […]
Commercial Real Estate & Business News – January 4, 2021
CoStar Predicts: US Economy Returns to Growth ModeU.S. gross domestic product, the key measure of economic growth, could return to levels it experienced before the coronavirus pandemic by the end of next year, though it is expected to be surpassed by growth in Asia. If the United States can widely distribute vaccines by next spring…» […]
Commercial Real Estate & Business News – December 31, 2020
HAPPY NEW YEAR! 2020 Was The Year the Jobs Went Away. But When Will They Come Back?The pandemic cleaved its way through the jobs market this year, carving a wide divide between the businesses that boomed during the crisis and those who were crushed by it. Over 22 million jobs disappeared at the start of […]