Commercial Real Estate & Business News – April 13, 2021

Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t expect the central banks to start raising interest rates as a result. Asked by CBS News’ Scott Pelley when…»
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…»
The U.S. economy is roaring back, and the expectation remains for real GDP growth to surpass any annual growth seen in the last few decades. The faster the vaccination targets are reached, and herd immunity is achieved, the faster consumers will return to a…»
Renting or buying a home in Arizona is increasingly expensive and more and more households in our state are cost burdened. A new report from ASU’s Morrison Institute for Public Policy says the state’s affordable housing shortage is only going to get worse…»
Bookended by the 2008 crash and COVID-19, the decade between 2009 and 2019 was a transformative one for the real estate industry. Curious to see how the housing market had fared between the two most significant, yet wildly different economic downturns…»