Commercial Real Estate & Business News – September 8, 2020
Why People Are Buying and Selling Right NowWhen a client asked me to underwrite their apartment building in the early days of the pandemic, I told them it would be an exercise in futility, since at that time, there was quite literally, no market. In late March and April, the entire marketplace became virtually nonexistent, […]
Commercial Real Estate & Business News – September 4, 2020
Happy Labor Day Weekend! Construction to Start on Massive Sports and Entertainment Complex in Mesa, ArizonaA nonprofit organization expects to start construction next month on a $250 million sports and family entertainment complex in Mesa, Arizona, that would be operated by global sports and live entertainment venue developer Oak View Group. Specialty investment bank Ziegler, […]
Commercial Real Estate & Business News – September 3, 2020
Rio Reimagined Project Gets Boost with Federal DesignationThis morning, representatives from the U.S. Environmental Protection Agency (EPA), Arizona State University (ASU), the U.S. Department of the Interior (DOI) and other federal, local and state partners held a live-streamed press conference to announce steps forward in the ongoing Rio Reimagined…» First look: Arrive Hotels Makes its […]
Commercial Real Estate & Business News – September 2, 2020
Gila River Hotels & Casinos Breaks Ground on $143M Expansion in ChandlerGila River Hotels & Casinos – Wild Horse Pass broke ground on a $143 million expansion project in Chandler, a move that aligns with the enterprise’s rapid growth in Arizona. Scheduled to open in fall 2021, an 11-story hotel tower will be added to […]
Commercial Real Estate & Business News – September 1, 2020
Inflation Fears? Keep WaitingWe like to keep you on your feet with the quote of the week (hear from Linus himself about his conviction). And we usually like to jump right in with a topic and a chart that grabs the reader. Which is why we regret to inform you, dear reader…» Arizona Heating Up […]
Commercial Real Estate & Business News – August 31, 2020
More California Property Investors Eye Arizona in Pandemic for Lower Costs and TaxesIn recent years, Scottsdale, Arizona-based commercial real estate broker Ari Spiro estimates that roughly one-third of his calls have been from California property investors interested in buying Arizona offices, shopping centers, warehouses and apartments. But that interest…» Massive 320-acre Legacy Sports Park Coming […]