Commercial Real Estate & Business News – April 14. 2020

Walton Sells 290 Acres in Buckeye Master Plans
Walton, 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 Posts Healthy Industrial Leasing and Sales in First Quarter; But Coronavirus Impact Expected to Show in Next Quarter Metrics
Phoenix industrial metrics were healthy heading into the coronavirus pandemic, but the chaos will impact fundamentals for at least the next several quarters. On March 31, Arizona’s Governor Doug Ducey issued a stay-at-home order for all residents, essentially bringing much of the state’s economic activity…»
Goodwill to Reopen 21 Stores in Phoenix Area Starting Monday
Goodwill of Central and Northern Arizona is planning to reopen 21 of its 90 stores across the Valley on Monday, the company said. The company plans to reopen three stores in Phoenix, three in Scottsdale, two in Mesa, two in Goodyear, two in Peoria, two in Surprise, one in Glendale…»
Hong Kong Investor Buys Apartments North of Phoenix for $64 Million
Private equity investor Button Capital Ltd. bought the 230-room Park Place at Fountain Hills apartments for $63.5 million, one of the largest apartment sales of the year in Phoenix.Button Capital, based in Hong Kong, purchased the property at 16725-16845 E. Avenue of the Fountains in Fountain Hills, Arizona…»
Construction Industry Braces for Disruptions as Most Projects Stay on Track
The 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 advocates…»