Commercial Real Estate & Business News – August 6, 2020
Arizona Gyms Must Get Opportunity to Show They Can Safely Reopen, Judge Rules in Rebuke of DuceyArizona gyms must be given a chance to reopen within a week, a Maricopa County Superior Court judge ruled on Tuesday, marking the first time during the pandemic that Gov. Doug Ducey has faced a rebuke of his actions […]
Commercial Real Estate & Business News – August 5, 2020
Medical Office Market in Phoenix Thrives During PandemicAs cases of coronavirus and hospitalizations rose in Greater Phoenix following Memorial Day weekend, the area’s second quarter of real estate market activity was also surging. The medical office market posted its strongest quarter of net absorption in nearly two years and vacancy in this product…» Economist, GPEC […]
Commercial Real Estate & Business News – August 4, 2020
Credit Unions are Making a Bigger Play for CRE LoansCredit unions that have been working to grow market share in the commercial real estate lending space in recent years are taking advantage of open runway as other capital sources have pulled back in recent months. In fact, these institutions are willing to offer competitive terms […]
Commercial Real Estate & Business News – August 3, 2020
Pandemic Weakens Commercial Real Estate Prices in Second QuarterCommercial real estate prices weakened in the second quarter as the coronavirus pandemic, social distancing and temporary closings disrupted major property sectors, according to the latest monthly CoStar Commercial Repeat Sale Indices. The value-weighted…» Bright Health Plan Expands in Tempe, Brings 75 New JobsToday, Bright Health Plan […]
Commercial Real Estate & Business News – July 31, 2020
Economist: Despite Nike departure, Phoenix Still Attractive For ManufacturingNike Inc.’s decision this week not to move forward with a planned manufacturing plant in Goodyear eliminates over 500 planned manufacturing jobs, but one economist said he expects the Phoenix metro to continue attracting manufacturing operations. “Everything we can do to get manufacturing…» The CRE Industry Reacts […]
Commercial Real Estate & Business News – July 30, 2020
Most Influential Women: Marina Hammersmith, ORION Investment Real EstateAz Business and AZRE magazines announced the publications’ lists of the Most Influential Women in Arizona for 2020, including Marina Hammersmith, senior vice president at ORION Investment Real Estate. Each day, azbigmedia.com is profiling one of the Most Influential Women of 2020…» Amazon, Aldi Coming to GoodyearAn economic observer […]