Commercial Real Estate & Business News – December 10, 2020
Jobs Magnet: Study Ranks Metro Phoenix No. 1 Nationally for Attracting, Retaining WorkersMetro Phoenix has finished at the top — again — in a national study that ranks counties by their ability to attract and retain high-quality workers and other economic-development factors. Maricopa County finished first in the study by labor-analytics firm Emsi, beating…» How […]
Commercial Real Estate & Business News – December 9, 2020
Long, Strange Trip: Arizona’s Recovery Continues at a Slower PaceThe Arizona recovery continued in the third quarter, although at a much slower pace than during the April-June period. The state has received a significant boost from the CARES Act, with just over $40 billion in federal funds flowing to the state in the second quarter. […]
Commercial Real Estate & Business News – December 8, 2020
Smaller Industrial Tenants Are Having an Outsized Impact in PhoenixWhile it is typically the larger, 300,000-square-foot-plus industrial leases that capture headlines, smaller tenants have been accounting for an outsized share of Phoenix’s leasing volume. Industrial leasing in Phoenix accelerated in the second half of 2020…» Apartment Developers Pivot to the SuburbsApartment developers are taking notice […]
Commercial Real Estate & Business News – December 7, 2020
Economy Adds Disappointing 245,000 Jobs in November While COVID-19 Rages Across CountryU.S. employers added a disappointing 245,000 jobs in November amid a surge in COVID-19 cases and more state business constraints as well as the looming halt of extended jobless benefits and other federal lifelines for millions of Americans. The unemployment rate, which is calculated […]
Commercial Real Estate & Business News – December 4, 2020
Maxwell on 66th Sells for $122.5M in Biggest Multifamily Deal of 2020Just a day after news of the $187 million sale of the Grand2 office building in Tempe, another nine-figure transaction hit the books. According to the commercial real estate transaction tracking website Vizzda.com, the Maxwell on 66th apartment complex…» These 4 Healthcare Projects Transform […]
Commercial Real Estate & Business News – December 3, 2020
Arizona Treasury Department Optimistic Into 2021Despite the pandemic’s devastation to state and local businesses this year, Arizona’s economic outlook in 2021 is fairly strong — at least, according to the office that manages the state budget. “Housing market continues to have impressive gains, up 11%, year…» Arizona Economy Could Withstand Brief Shutdown, Economist SaysPHOENIX – […]