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 […]
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. […]