Commercial Real Estate & Business News – April 23, 2021

Arizona is among the top six states in a national ranking of economic momentum. More than half of the 50 states exceeded the nation’s overall economic performance in the first quarter, according to the first quarter Index of State Economic Momentum published by…»
Chipotle Mexican Grill smashed first-quarter earnings expectations amid a 17.2% rise in same-store sales. The fast-casual chain anticipates opening 200 new restaurants in 2021, assuming minimal construction and permit delays related to COVID-19, the company said. Chipotle opened…»
Much has been written about the ongoing challenges facing the office sector as a result of COVID-19, but the first quarter of 2021 has represented an inflection point for the asset class, as companies begin to actualize plans for a return to physical work. A new report from…»
The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line, the Labor Department reported Thursday. First-time claims for unemployment insurance totaled 547,000, well below the Dow Jones estimate for 603,000 and…»
A New York-based real estate private equity fund manager and developer is investing $100 million in the Valley’s rapidly growing build-to-rent market, in which detached single-family homes are constructed in a rental community with rich amenities. GTIS Partners LP is…»