Commercial Real Estate & Business News – August 20, 2021

The share of home sellers with price drops has now passed the 5% mark, according to a new report from Redfin, the technology-powered real estate brokerage. This is the highest level this measure has reached since late 2019 and it is still climbing during a time of the year that is usually relatively flat.That said, home prices are…»

Toll Brothers Inc. (NYSE: TOL) is moving quickly on its latest project that will bring more apartment units to the Valley.Through its Toll Brothers Apartment Living rental subsidiary, the Pennsylvania-based luxury homebuilder is already going vertical with construction on a 403-unit luxury apartment community in central,…»

The parent of Chili’s plans to ramp up its restaurant development pipeline that was essentially on hold in the pandemic, looking to get its annual openings to at least 20 nationwide starting by 2023.At the same time, Dallas-based Brinker International is doubling down on delivery and other off-premise…»

Construction is underway on a 98,465-square-foot industrial property at Hawes and Ray roads in Mesa, Arizona.The industrial property is being developed on a speculative basis with all rentable space available for lease at the time construction began, according to CoStar data. No asking rental rate was…»

Despite all the talk of hybrid work, at least one study shows that companies are pushing for a total return to the office.In a survey of more than 2,800 senior managers in the US from Robert Half, 71% of respondents said they would require their teams to be on-site, full time once COVID-19-related…»