Commercial Real Estate & Business News – April 1, 2021
Phoenix Multifamily Market Hits $42B in Sales Over the Last Decade The Phoenix multifamily market is officially among the top in the nation. According to a new report from Commercial Search, the city is ranked sixth in the nation for multifamily sales over the last decade. The market has closed $42 billion in apartment investment […]
Commercial Real Estate & Business News – March 31, 2021
Need Retail Space? Circle K Parent Company puts 17 Locations in Arizona up for Sale The Canadian company that owns the giant Valley-based convenience store chain Circle K Stores Inc. is selling off hundreds of locations, including 17 in the Arizona. Alimentation Couche-Tard Inc. announced on March 22 that the company would be putting a […]
Commercial Real Estate & Business News – March 30, 2021
Phoenix Named No. 1 Growth Market for Big-box Industrial Sector Phoenix was named the top growth market in North America for large-warehouse leasing activity in the industrial sector, with 9.1 percent of its inventory absorbed in 2020, according to a new report from CBRE. Transaction activity reached a record level for big-box warehouses…» Phoenix Lands […]
Commercial Real Estate & Business News – March 29, 2021
2021 Poised to be a Seller’s Market for CRE Assets Any pricing reductions from the pandemic and economic dislocation will be short-lived. A new survey from CBRE finds that 70% of respondents plan to increase investment by at least 20% this year compared to 2020, but only 30% of investors on the sale-side made the […]
Commercial Real Estate & Business News – March 23, 2021
Americans Have $1.7 Trillion to Burn in Revenge-Spending Binge Shoppers are out for vengeance. A year into a pandemic that’s devastated lives, jobs and the economy, those who are lucky enough to have disposable income are ready to go out and splurge — even if they still have nowhere to go in that stunning dress […]
Commercial Real Estate & Business News – March 22, 2021
Phoenix Market Update: Suburban Assets Lead Activity After closing January with $137 million in office sales, Phoenix’s transaction activity lost some steam in February. According to CommercialEdge data, 438,968 square feet of office space traded across the metro for $108 million. The sales amount was 26.4 percent higher year-over-year,…» Retail Rent Collections Climb to 90% […]