Commercial Real Estate & Business News – April 3, 2020

The Cares Act Can Also Reduce Tax Liability For Real Estate Firms
WASHINGTON, DC-Last week Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security, or Cares, Act, releasing a $2 trillion stimulus on the US economy that is currently under siege from the coronavirus. The main provisions of the Cares Act…»
Some Investors Are Still Going Ahead with MOB Acquisitions, Seen as a “Defensive Play”
The medical office market appears to be a clear winner in a U.S. commercial real estate environment made murky by the coronavirus-generated economic nosedive. “Generally, if you own a medical office building, you know that you’re going to probably survive the storm…»
Open-Plan Offices and Shared Spaces Were the “Disruptors” of the Decade. Then a Virus Arrived.
The COVID-19 pandemic has upended daily life and economies around the world. Many wonder what a post-Coronavirus world will look like, how it will affect life and work going forward. The lockdown has already cost many workers their jobs, and it’s likely to get worse, according to Goldman Sachs economists…»
Plans Submitted for New Offices at North Scottsdale Cavasson Development
Plans for the next phase of office buildings at Cavasson, the master-planned development underway by Nationwide Realty Investors, have been submitted to the city of Scottsdale. The development will eventually total 134 acres, with Class A office space, apartments, retail, restaurants…»
Occupancy Plummets at Metro Phoenix Hotels in March, and Operators Face Tough Choices for April
In what would normally be the busiest month of year, occupancy rates at Valley hotels plummeted to levels that rival the blazing middle of summer and its dearth of tourists. Now, hotels are having to make decisions to close or weather the same fate in April as the coronavirus…»