Commercial Real Estate & Business News – March 24, 2020
What Can the Fed Do to Help Main Street, Not Wall Street?The market continued its downward trajectory on Monday in spite of a sweeping pledge from the Federal Reserve to support the economy as coronavirus shutdowns accelerated around the country. With consumer spending crippled by “stay at home” orders, many workplaces…» Multifamily Industry Responds to […]
Commercial Real Estate & Business News – March 23, 2020
Scottsdale Entrada Breaks Ground on Opportunity Zone SiteBanyan Residential announced the start of construction on the long-anticipated Scottsdale Entrada development this morning. Located at the northeast corner of 64th Street and McDowell Road, Scottsdale Entrada will revitalize a long-vacant 33-acre lot…» Arizona Tech Jobs, Wages, Average Pay Increased Over Past Year, Report SaysArizona’s technology scene […]
Commercial Real Estate & Business News – March 20, 2020
$3.3B Gasoline Production Plant Comes To Casa Grande And Fast-Growing I-10 CorridorThe city of Casa Grande hit a real estate milestone today, as oil and gas company Nacero Inc. said it would build a $3.3B gas production facility there. Considered “drive-through” country between Phoenix and Tucson, Casa Grande is part of the fast-growing Interstate 10 […]
Commercial Real Estate & Business News
In the Short Term, CRE Will Take a Hit. But Real Estate Economists Advise Investors Not to PanicAs the impact from the measures to stem the spread of COVID-19 takes hold of virtually every sector of the U.S. economy, real estate economists are revisiting their predictions for 2020 made at the beginning of the year. […]
Commercial Real Estate & Business News – March 18, 2020
Despite Pandemic Uncertainty, Rents Remain Strong in FebruaryThe national average rent was $1,468 in February 2020-up 3.2%, or $46, from February 2019, according to data compiled in RENTCafe’s monthly rent report. February’s year-over-year rent growth matches the pace set in January, but falls just below last year’s 3.5% YOY growth rate. Out of the nation’s…» […]
Commercial Real Estate & Business News – March 17, 2020
Phoenix Among Top Tech MarketsPhoenix is officially one of the top tech markets in the nation for office leases. According to a list of the markets with top tech-company office leasing activity from CBRE, Phoenix is ranked fourth in the nation for its share of the technology leasing, with a total of 1.3 million square…» My […]