Commercial Real Estate & Business News – April 12, 2021

The economy has entered a period of supercharged growth, and instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023. Economists now expect the second quarter to grow at a pace of 10%, and growth for 2021…»
Phoenix, Norfolk, and Atlanta led office lease renewals in a recent analysis by Moody’s Analytics REIS, while New York City and Chicago lagged at the bottom of the heap. Moody’s analysts determined this when they examined recently expired leases relating…»
A historic building in Old Town Scottsdale, and the property surrounding it, will be transformed into a new hotel and apartments which business owners say could breathe new life into the area. But the proposal for a seven-story building is more than twice what city…»
Camelot Homes announces its Valley-wide expansion with the opening of five new luxury home communities, which will add more than 100 new homes to the greater Phoenix area. The communities, named Paradigm, Shadow Ridge, Skye View, Stone Crest and…»
Phoenix developer George Oliver, which has completed several high-profile adaptive reuse office projects around the Valley, bought Hayden Station in downtown Tempe and is planning a $14 million transformation. George Oliver bought the property, which includes…»