Commercial Real Estate & Business News – February 24, 2021
Cushman Says Esports Arenas, Hospitals Could Be Future of Vacated Malls To see the future of U.S. malls and shopping centers, go no further than the Cary Towne Center in North Carolina. The former site of retailers Dillard’s, Foot Locker and The Children’s Place will soon be the headquarters of Fortnite video game maker Epic […]
Commercial Real Estate & Business News – February 23, 2021
5 Hottest Real Estate Markets in Arizona The U.S. housing market has weathered a challenging 2020. Unprecedented events such as a global pandemic and a tumultuous presidential election have fueled a period of economic uncertainty. However, despite these challenges, recent research shows that Arizona’s real estate market will see an 8.2%…» Rents Increased In Metro Phoenix […]
Commercial Real Estate & Business News – February 22, 2021
Arizona Expected to Add 325,000 Jobs by Spring 2022 A new report released by the Arizona Office of Economic Opportunity is projecting strong job growth in the state over the next two years, with the largest gains in Arizona jobs happening in sectors hit hardest by the pandemic. “Arizona is a place where opportunities are […]
Commercial Real Estate & Business News – February 19, 2021
Phoenix Ranks No. 6 Among Hottest Multifamily Markets New research shows that Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade. Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates. The latest…» Phoenix […]
Commercial Real Estate & Business News – February 18, 2021
Capital Markets Remain Strong for Affordable Housing Considering the unprecedented challenges faced in 2020, the affordable housing industry managed to do pretty well. Projects still got built, capital continued to be available for new deals, and, perhaps, new light was even shined on the importance of a place to call home. Having weathered economic…» Top […]
Commercial Real Estate & Business News – February 17, 2021
Phoenix Megaproject Closer to Groundbreaking After receiving rezoning approval from the city of Phoenix, Macerich and RED Development are moving forward with redevelopment plans for Paradise Valley Mall, requesting the City Council’s approval tomorrow, Feb. 17. The developers intend to transform the 1.2 million-square-foot shopping center into a 6.5…» 5 Arizona Housing Market Predictions for […]