Commercial Real Estate & Business News – February 5, 2021
CRE Needs That Third Stimulus Round While the second stimulus gave the US economy essential support, John Chang, SVP and director of research services from Marcus & Millichap says a third stimulus is even more important. “If a third round of stimulus is passed, that’s good for real estate,” Chang said in a new video. […]
Commercial Real Estate & Business News – February 4, 2021
Peoria Announces Plans for its First Regional Hospital at Site Where Unfinished Hospital was Recently Razed Peoria may land its first full-service hospital nearly a decade after construction of one began, ran out of money and stood as a partially built skeletal framework for years. Demolition of the unbuilt eyesore began in late October, and […]
Commercial Real Estate & Business News – February 3, 2021
Phoenix Office Leasing Falls 58% in 2020 Across the country, office was among the hardest hit sectors during the pandemic, and Phoenix was no exception. Office leasing activity in the market fell by 58% in 2020, according to research from Savills. The vacancy rate fell by increase 110 basis points to 22.3%…» 5 Arizona Housing […]
Commercial Real Estate & Business News – February 2, 2021
2021 Could Deliver Strongest Growth Since 1984 Many economists aren’t just expecting a recovery this year—but one with the potential for significant economic growth. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, gives a positive outlook for the economy and the commercial…» Strong Phoenix Medical Office […]
Commercial Real Estate & Business News – February 1, 2021
Phoenix, Inland Empire Are the Top Industrial Markets in 2020 In 2020, the US recorded a record number of big-box industrial transactions, and the West Coast was a central region of the activity, according to new research from CBRE. The Inland Empire and Phoenix both made the list as top markets for major industrial deals, […]
Commercial Real Estate & Business News – January 29, 2021
3 Arizona Real Estate Market Predictions for 2021 At the close of 2020, the Arizona real estate market continued to remain strong. Historically low mortgage rates kept buyers buying, meaning Arizona’s housing inventory was unable to keep up with demand. Representatives from the 2021 board of the Arizona Association of REALTORS share their predictions…» Study: […]