Commercial Real Estate & Business News – August 3, 2020
Pandemic Weakens Commercial Real Estate Prices in Second QuarterCommercial real estate prices weakened in the second quarter as the coronavirus pandemic, social distancing and temporary closings disrupted major property sectors, according to the latest monthly CoStar Commercial Repeat Sale Indices. The value-weighted…» Bright Health Plan Expands in Tempe, Brings 75 New JobsToday, Bright Health Plan […]
Commercial Real Estate & Business News – July 31, 2020
Economist: Despite Nike departure, Phoenix Still Attractive For ManufacturingNike Inc.’s decision this week not to move forward with a planned manufacturing plant in Goodyear eliminates over 500 planned manufacturing jobs, but one economist said he expects the Phoenix metro to continue attracting manufacturing operations. “Everything we can do to get manufacturing…» The CRE Industry Reacts […]
Commercial Real Estate & Business News – July 30, 2020
Most Influential Women: Marina Hammersmith, ORION Investment Real EstateAz Business and AZRE magazines announced the publications’ lists of the Most Influential Women in Arizona for 2020, including Marina Hammersmith, senior vice president at ORION Investment Real Estate. Each day, azbigmedia.com is profiling one of the Most Influential Women of 2020…» Amazon, Aldi Coming to GoodyearAn economic observer […]
Commercial Real Estate & Business News – July 29, 2020
Unprecedented Demand Pushes Valley Home Price Gains to No. 1 in the NationOnce again, Phoenix has reported the highest year-over-year gains in home price growth, well ahead of other key U.S. cities. With a 9% year-over-year gain in May among 19 cities measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, Phoenix […]
Commercial Real Estate & Business News – July 28, 2020
Get Ready for the Fed to Go AgainIt is challenging to keep up with where the fiscal authorities stand with respect to the renewal of emergency unemployment benefits, the extra $600 a week that you’ve heard us talk so much about. As of this writing, the estimates range from $0 to $300 a week…» Retail […]
Commercial Real Estate & Business News – July 27, 2020
Construction Work Underway at Papago Plaza Redevelopment in ScottsdaleConstruction work has begun at Papago Plaza, a redevelopment project near McDowell and Scottsdale roads in south Scottsdale. Final grading is being done onsite for installation of electrical and water lines. Pivot Development, which is developing the hotel, restaurant and retail…» How to Value CRE Rents After […]