Commercial Real Estate & Business News – April 14. 2020
Walton Sells 290 Acres in Buckeye Master PlansWalton, a real estate investment and land asset company with $3.8 billion under management and administration, has sold 290 acres in the Mystic Vista and Vista Bonita masterplans located in Buckeye, Ariz.MPC Developments, LLC has purchased 145 acres in the Mystic Vista community located at Apache Road…» Phoenix […]
Commercial Real Estate & Business News – April 13, 2020
Restaurants Account for the Majority of Rent Relief RequestsAs April rent has come due, rent relief requests have started to roll in. Restaurants have accounted for the majority of these early requests, according to Gary Glick of Cox, Castle & Nicholson. This is particularly noteworthy, considering that many retail owners have favored restaurant tenants…» Apartment […]
Commercial Real Estate & Business News – April 9, 2020
Medical Retail Space Demand Expected to Resume Later This YearIn the age of the coronavirus and until the curve flattens, there will temporarily be less demand for medical retail outpatient settings. Guidance from state and local governments indicating when healthcare workers can resume non-essential, non-emergency services will dictate the pace of short-term…» Banner Innovation Group […]
Commercial Real Estate & Business News – April 8, 2020
Here are the U.S. Housing Markets Vulnerable to Coronavirus ImpactATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released a Special Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact…» Arizona Governor Halts Evictions of Small […]
Commercial Real Estate & Business News – April 7, 2020
Construction Industry Braces for Disruptions as Most Projects Stay on TrackThe construction industry, a cornerstone of Arizona’s economy, is one of the essential services that can continue operating under Gov. Doug Ducey’s stay-at-home order issued this week. As signs of distress are emerging for the construction industry as commerce slows, construction…» Valley Apartment Rent Growth […]
Commercial Real Estate & Business News – April 6, 2020
Will the Governor’s COVID-19 Executive Order Protecting Renters Hurt Valley Apartment Owners?While thousands of unemployed renters in Arizona are taking advantage of protections Gov. Doug Ducey put in place to keep them from being evicted if they can’t pay their monthly rent, their landlords are wondering just how long they’ll be able to absorb those […]