Commercial Real Estate & Business News – August 13, 2020

Watch the Entire 2020 AZRE Forum Here
Here are all three parts of the three-part video series that make up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The three panels of industry leaders discuss…»

Luxury Apartment Community The Ryan in Phoenix Now Leasing
The first residents will soon begin moving into StreetLights Residential’s new luxury multifamily project, The Ryan, which is a part of Block 23 at CityScape, the mixed-use development led by RED Development that is nearing completion. StreetLights and MetLife…»

Equus Capital Sells Scottsdale, Arizona, Offices for $46 Million
Private equity real estate fund manager Equus Capital Partners sold two offices to separate buyers for a total of $46.2 million in Scottsdale, Arizona, one of greater Phoenix’s most popular corporate destinations. Equus sold the 107,049-square-foot Scottsdale…»

COVID-19 Impact Concerns on the Rise in CRE: NAIOP Study
NAIOP’s fourth monthly survey of its U.S. members on the impacts of COVID-19 on their businesses showed improved deal activity in the industrial, office and multifamily sectors in July, but also found 50 percent of respondents now expect the coronavirus…»

How to Bolster Apartment NOI During COVID-19
It’s easy to hit your numbers when times are good.But for multifamily pros navigating the fallout of COVID-19, 2020 has been about finding ways to maximize net operating income (NOI), even when times are tough. “We’re really thinking things through more to make sure we…»