Commercial Real Estate & Business News – June 9, 2020
Construction Employment Sees Record Rebound in MayOne way to look at this stunning jobs report is to suggest that economists missed the mark by approximately 10.5 million jobs,” said ABC Chief Economist Anirban Basu in a press statement. “Economists polled by Dow Jones had forecasted a decline exceeding 8 million jobs. Instead, the economy…» 1st […]
Commercial Real Estate & Business News – June 8, 2020
Positive Outlook for Arizona’s Economic Comeback From COVID-19Prominent Valley business and education leaders said that some positive changes have come out of COVID-19 that should help Arizona’s economy recover. The state also is better positioned to rebound than other states because of its emphasis on attracting industry and…» Distress Investors May Have to Wait as […]
Commercial Real Estate & Business News – June 5, 2020
1 Million-Square-Foot Data Center Planned for West ValleyStack Infrastructure, a technology infrastructure company based in Denver, plans to build a 1 million-square-foot data center on 79 acres in Avondale. The Avondale center will be the company’s entrance into Arizona, and will be built less than half a mile from where Microsoft is developing…» Restaurants Face […]
Commercial Real Estate & Business News – June 4, 2020
1st Non-Gaming Caesars Hotel Begins Construction in ScottsdaleThe coronavirus pandemic has boosted the business of drive-thru, quick-service restaurants, but sit-down eateries have started falling out of investors’ favor, according to two brokerage firms that specialize in the sector. In the first quarter, the national capitalization rate for single-tenant casual dining properties…» Restaurants Face a Challenge […]
Commercial Real Estate & Business News – June 3, 2020
Casual Dining Properties Fall Off Investors’ MenusThe coronavirus pandemic has boosted the business of drive-thru, quick-service restaurants, but sit-down eateries have started falling out of investors’ favor, according to two brokerage firms that specialize in the sector. In the first quarter, the national capitalization rate for single-tenant casual dining properties…» Coronavirus Slams Brakes on Commercial […]
Commercial Real Estate & Business News – June 2, 2020
There’s Still a Struggle Ahead But Signs Emerge that the Economy is ReawakeningThe COVID-19 pandemic started to strain the housing market in April, but amid the strain prices are holding firm, according to a new research report. Data shows that housing starts declined by 30% and building permits dropped by 21%, said the report by […]