Commercial Real Estate & Business News – April 1, 2020
As April Rents Loom, Phoenix Real Estate Leaders Grapple with Potential LossesAs April 1 approaches and some Valley businesses have gone two weeks without normal business operations, property managers and landlords in the region are grappling with the possibility that many tenants will not be able to make rent.” Let’s start planning on April rent […]
Commercial Real Estate & Business News – March 31, 2020
Increased Demand for Warehouse Space and Labor Created by COVID-19 Could be a Long-Term TrendAs non-essential businesses are forced to close doors, some retail and e-commerce firms are ramping up hiring and operations in order to meet a surge in demand for necessities and home deliveries. “There’s certainly good news and bad news happening in […]
Commercial Real Estate & Business News – March 30, 2020
East Valley Fuels Arizona’s Technology BoomMaricopa County continues to be the fastest-growing county in the nation for population, according to the U.S. Census Bureau. Many leaders in the area have pointed to our technology ecosystem as the key catalyst for this growth. As a state, we are outpacing some of the nation’s largest technology…» Highly […]
Commercial Real Estate & Business News – March 27, 2020
Why This Nobel Laureate Predicts Quick Coronavirus Recovery: ‘We’re going to be fine’Michael Levitt, a Nobel laureate and Stanford biophysicist, began analyzing the number of COVID-19 cases worldwide in January and correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted. Now he foresees…» How […]
Commercial Real Estate & Business News – March 26, 2020
Phoenix Home Sales Up 14% Year-Over-YearRepresenting the last full month before the coronavirus became a global pandemic, February saw the third consecutive month of year-over-year increases in U.S. home sales – a streak not seen since 2015. At the same time, inventory across the report’s 53 metro markets plunged 15.8%, marking the fourth…» Why Some […]
Commercial Real Estate & Business News – March 25, 2020
Dow Surges Most Since 1933 on Stimulus Deal Hopes: Markets WrapU.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak. The S&P 500 rebounded…» How […]