Commercial Real Estate & Business News – April 22, 2021

Over the past 30 years, the share of global semiconductor manufacturing capacity in the U.S. has dropped from 37 percent to 12 percent, according to the Semiconductor Industry Association. In light of the global semiconductor shortage, however, the U.S. is becoming…»
As Covid vaccines continue to roll out and restrictions are lifted by Arizona Governor Doug Ducey, CEOs are facing pressure to make decisions about when and how professionals will return to office work. Reports say that by mid-summer, a good portion of the working-age…»
The Greater Phoenix industrial real estate market has maintained a record-breaking pace during first quarter of 2021. Construction activity reached an all-time high level while momentum of net absorption indicates this year will easily outperform 2020. Approximately 17.8…»
The partnership of Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global investment management business, announced…»
Land Advisors Organization’s Metro Phoenix Homebuilding team announced the closing of a land sale in the bustling West Valley of Metro Phoenix on behalf of Empire Village at Paseo de Luces, LLC, The Empire Group of Companies. The sale fetched $7.8 million for…»