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Commercial Real Estate & Business News – August 25, 2020

Office Pricing Gets Murkier Waiting for Recovery
Office properties are performing better than one might expect during the pandemic thanks to  attractive locations, diverse tenant bases, and long-term lease structures. However, all that is set to change unless there is a “full and soon” recovery in the greater economy. In the meantime, price discovery…»
Data Center Demand Holds Up Amid Pandemic
With ever-increasing amounts of day-to-day activity taking place online, even more so under the COVID-19 pandemic, demand from large and small companies is driving robust growth in the data center segment. That’s making it an increasingly attractive investment…»
The Office Will Never Be the Same
In the Before Time, Dan O’Leary, a director of business partnerships at a tech company, commuted two to three hours a day and flew on weekly business trips. He adhered to a strict schedule: His alarm was set for 5:30 a.m. to fit in a Peloton ride and shower before catching…»
Building Component Maker MiTek Expands Arizona Footprint, Plans Hiring
MiTek, a construction product and software company, is expanding its Arizona footprint by signing leases totaling more than 400,000 square feet in Tolleson. The company renewed its lease for eight more years at 7890 W. Lincoln Street, where it occupies 259,200 square feet…»
Gila River Hotels & Casinos Breaks Ground on $143M Expansion in Chandler
Gila River Hotels & Casinos – Wild Horse Pass broke ground on a $143 million expansion project in Chandler, a move that aligns with the enterprise’s rapid growth in Arizona. Scheduled to open in fall 2021, an 11-story hotel tower will be added to Wild Horse Pass and connect to its…»