Commercial Real Estate & Business News – April 19, 2021

As more Americans are vaccinated, expect certain segments to recover faster over the next 90 days, according to John Chang, senior vice president and director of research services at Marcus & Millichap. “The property types that will see the impact fastest are hotels…»
Following the Arizona Legislature’s passage of HB 2772, which would authorize fantasy sports and sports betting in the state pending action from Governor Doug Ducey, the PGA TOUR and DraftKings today announced that they will expand their existing commercial…»
A recent survey of Gen Z renters conducted by the National Apartment Association in partnership with Statisfacts/Apartment Ratings late last year shows a sharp contrast in preferences compared to other cohorts.  Compared to pre-pandemic millennials who embraced…»
Thompson Thrift Retail Group (TTRG), a wholly owned company of Indianapolis-based Thompson Thrift, announced today the acquisition of the first parcel of a 15-acre master planned development in Mesa. When fully built out, the development located at the…»
The housing market is looking extremely strong for the Phoenix area in 2021.’s most recent forecast predicts home sales in the Valley will jump 11.4% over last year’s levels, which is more than the national average. The combination of beautiful weather,…»