Commercial Real Estate & Business News – December 7, 2020
Economy Adds Disappointing 245,000 Jobs in November While COVID-19 Rages Across CountryU.S. employers added a disappointing 245,000 jobs in November amid a surge in COVID-19 cases and more state business constraints as well as the looming halt of extended jobless benefits and other federal lifelines for millions of Americans. The unemployment rate, which is calculated […]
Commercial Real Estate & Business News – December 4, 2020
Maxwell on 66th Sells for $122.5M in Biggest Multifamily Deal of 2020Just a day after news of the $187 million sale of the Grand2 office building in Tempe, another nine-figure transaction hit the books. According to the commercial real estate transaction tracking website Vizzda.com, the Maxwell on 66th apartment complex…» These 4 Healthcare Projects Transform […]
Commercial Real Estate & Business News – December 3, 2020
Arizona Treasury Department Optimistic Into 2021Despite the pandemic’s devastation to state and local businesses this year, Arizona’s economic outlook in 2021 is fairly strong — at least, according to the office that manages the state budget. “Housing market continues to have impressive gains, up 11%, year…» Arizona Economy Could Withstand Brief Shutdown, Economist SaysPHOENIX – […]
Commercial Real Estate & Business News – December 2, 2020
ASU Forecast: Arizona, U.S. Could be Back Near Economic Normal in 2021As Arizona State University forecasters see it, 2021 will mark a return to near normalcy for the state and national economies — assuming a vaccine next year stems the COVID-19 outbreak and Congress adopts a stimulus package to keep the rebound on track…» COVID-19 […]
Commercial Real Estate & Business News – December 1, 2020
Deals for 2 Game-changing Projects Could Redefine Both Sides of ValleyJust a week apart in late September, a pair of groundbreaking sports, recreation and entertainment projects were announced on opposite sides of the Valley. In the West Valley, Glendale was chosen as the site for a one-of-a-kind attraction, as Crystal Lagoons released its plans for […]
Commercial Real Estate & Business News – November 30, 2020
NRF: Holiday Sales to Rise 3.6% to 5.2% in ‘Strong Finish’ to 2020The National Retail Federation issued an upbeat holiday forecast despite the ongoing COVID-19 pandemic, citing a strong stock market, rising home values and record personal saving rates. Sales during November and December will increase between 3.6% and 5.2% over 2019 to $755.3 billion…» Multifamily […]