Commercial Real Estate & Business News – July 29, 2020
Unprecedented Demand Pushes Valley Home Price Gains to No. 1 in the NationOnce again, Phoenix has reported the highest year-over-year gains in home price growth, well ahead of other key U.S. cities. With a 9% year-over-year gain in May among 19 cities measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, Phoenix […]
Commercial Real Estate & Business News – July 28, 2020
Get Ready for the Fed to Go AgainIt is challenging to keep up with where the fiscal authorities stand with respect to the renewal of emergency unemployment benefits, the extra $600 a week that you’ve heard us talk so much about. As of this writing, the estimates range from $0 to $300 a week…» Retail […]
Commercial Real Estate & Business News – July 27, 2020
Construction Work Underway at Papago Plaza Redevelopment in ScottsdaleConstruction work has begun at Papago Plaza, a redevelopment project near McDowell and Scottsdale roads in south Scottsdale. Final grading is being done onsite for installation of electrical and water lines. Pivot Development, which is developing the hotel, restaurant and retail…» How to Value CRE Rents After […]
Commercial Real Estate & Business News – July 24, 2020
Aldi’s Launch of 70-Store Expansion Pushes an Atypical Real Estate StrategyDiscount grocer Aldi’s launch of a significant nationwide expansion, including plans for a Gulf Coast regional office and distribution center, marks its latest push to position itself in the top tier of major U.S. grocery store chains, partly by using a different real estate strategy…» […]
Commercial Real Estate & Business News – July 23, 2020
Arizona Student Housing Properties Face Leasing Pressures as Pandemic Prevails into Fall SemesterDespite a new national report that the Covid-19 pandemic could put some student housing properties in dire straits, the two largest universities in Arizona are still seeing a strong interest from students in living on or close to campus. The report from S&P […]
Commercial Real Estate & Business News – July 22, 2020
Restaurant Sales Grew in June, But Remain Below Pre-Pandemic LevelBusiness picked up for the restaurant industry in June, but total sales still fell well below pre-pandemic months, according to an analysis of US Census Bureau data by the National Restaurant Association. Restaurant and food service sales totaled $47.4 billion in June-marking the second straight month…» […]