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Commercial Real Estate & Business News – April 19, 2020

Holualoa Closes Several Big Deals to Maintain Momentum During COVID-19 Downturn
Holualoa Companies has enjoyed a strong first four months of the year despite recent economic challenges, closing on several key transactions in Arizona. The company sold several properties in Phoenix and Tucson over the past few months and signed a significant…»
Walmart Makes Major Gains Against Fry’s in Battle for Valley Grocery Dollars
There is a lot of competition among Phoenix-area grocery stores, and though Fry’s Food Stores is still the king with nearly $3.84 billion in local sales in 2019, retail giant Walmart Inc. (NYSE: WMT) made significant gains during the past year. Fry’s, which is owned by Cincinnati…»
How will COVID-19 Impact the Once-Robust Phoenix Office Market?
The Phoenix office market experienced a record-breaking previous year in 2019 that featured significant relocations and expansions to the region, and further continued to hold strong in the first quarter, according to a report from Kidder Mathews. However, the quarter ended with an unprecedented disruption…»
Arizona Ranks as the 6th-Best State for Working from Home
With COVID-19 turning home into the workplace nationwide, the personal-finance website WalletHub today released its report on the Best States for Working from Home, as well as accompanying videos, in order to highlight which areas are thriving and which are struggling in this pandemic…»
Slowdown in Metro Phoenix Homebuilding Coming. A Forecast and Tips for Buyers
Last month was the best March for new home sales in the Phoenix area since the boom of 2005, so it will take a while for that momentum to cool. But homebuilding in metro Phoenix is bound to slow along with the rest of the economy due to the COVID-19 pandemic. Fewer potential buyers…»