Commercial Real Estate & Business News – March 18, 2021
Downsizing: Office Market Slow, not Stagnant in Phoenix After a Year of Covid A year after the Covid-19 pandemic forced many businesses to move employees to working remotely, activity is beginning to pick up in the Phoenix office market, though on a smaller scale. “Tour activity is up substantially,” said Andrew Cheney, principal at Lee […]
Commercial Real Estate & Business News – March 17, 2021
Happy St. Paddy’s Day! County Islands: Why Arizona has so Many and why Tempe Residents Want to get rid of Theirs Tempe residents and city officials hope a recently approved apartment complex north of Loop 202 could jumpstart redevelopment on a county island dotted by a strip club, a pawn shop and scrap-metal shops. At […]
Commercial Real Estate & Business News – March 16, 2021
Scottsdale Investor Buys, Plans To Rebrand 47-Room Days Inn A local investor bought the Days Inn & Suites Scottsdale North in Scottsdale, Arizona, and plans to renovate and rebrand the property as a boutique-style hotel to take advantage of the increasing number of entertainment and tourism options coming to the Phoenix suburb. Scottsdale-based…» Phoenix Office […]
Commercial Real Estate & Business News – March 15, 2021
Hot Scottsdale Hospitality Projects Add to Dynamic Tourism Landscape The tourism industry was thrown for a loop in 2020 as occupancy rates dropped as out of state visitors lessened and the normally high economic impact from Arizona’s resorts and attractions took a large hit unlike any in recent years. However, Scottsdale, one of the state’s […]
Commercial Real Estate & Business News – March 4, 2021
Analysis: Fundamentals of Arizona’s Economic Growth Arizona State University often touts its annual U.S. World News rating as the number 1 university in the world for “innovation.” But what does that really mean? How does this concept fit into Arizona’s economic outlook? Michael Porter, a Harvard professor who has dedicated his career to…» 9.8 Acres […]
Commercial Real Estate & Business News – March 4, 2021
Phoenix Among Top 10 Metros for New Business Formation, Report Says The Valley has been a haven for entrepreneurial activity, according to a new report from Roofstock, a real estate investment platform. The Phoenix metro had a startup formation rate of 9.63%, defined as the number of new businesses in a given year divided by […]