Commercial Real Estate & Business News – September 25, 2020
5 Valley Cities Among Top 25 Real Estate Markets in U.S.Gilbert resident Nadia Saco bought the home of her dreams this August. But landing it, she said, was a “nightmare” in the current real estate market. Saco, 32, and her husband, who spent a year and a half looking for a larger home for their […]
Commercial Real Estate & Business News – September 24, 2020
More Apartments are Coming to Downtown Phoenix. This Time, They’re AffordableDespite the fact that 4,000 apartments units are under construction and even more are in the pipeline in downtown Phoenix, Michael Lafferty says the $29 million project he’s building is absolutely necessary. The founder of Phoenix-based Lafferty Construction Co. has started…» Pandemic Creates Surging Demand […]
Commercial Real Estate & Business News – September 23, 2020
Hotel Developers Continue to Open New Sites Despite Brutal Market ConditionsDespite the well-documented plummet in demand for hotel rooms that has only partially recovered from the lows at the height of worldwide COVID-19 precipitated lockdowns, developers are continuing to bring new projects online. It’s a difficult time to operate any hotel…» Praedium Shows Faith in […]
Commercial Real Estate & Business News – September 22, 2020
Adjustments in Pricing Lag a Decline in Property ValuesOne thing that buyers and sellers can agree on these days is that there has been a reset in property values across many sectors and geographic markets. Yet the sticking point that continues to stall transactions is determining exactly how much of a discount should be applied…» […]
Commercial Real Estate & Business News – September 21, 2020
Arizonans Could be Surfing in Mesa if a Proposed Development Moves ForwardArizona surfers could avoid the drive to California and flock to Mesa if a planned development comes to fruition with a two-acre wave lagoon. A southern California transplant living in Gilbert is behind the project planned at the southeast corner of Warner and Power […]
Commercial Real Estate & Business News – September 18, 2020
Absence Makes the Heart Grow Fonder for Working in the OfficeWith concerns about COVID-19 still lingering in the Phoenix metropolitan area, many workplaces have yet to welcome their employees back to the office. How productive employees are while working remotely is a mixed bag. Some love it, some hate it, and most are just trying […]