| Home Price Index Hits New High in June; Phoenix Growth Still off the Charts Once again, Phoenix is No. 1 in the nation in home price growth, with year-over-year price increases of 9% in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Phoenix price growth far outdistances the next two major metros: Seattle, with 6.5%…» |
| The K-Shaped US Economic Recovery Theory and What It Means for CRE An uneven economic recovery from the COVID-19 crash is increasing the divide between the haves and have-nots, and the rift will extend to the commercial real estate market, according to a new report. The report explores how some economists’ theory that the country will see a “K-shaped” economic…» |
| Jewish Center Planning Senior Living Facility A popular Scottsdale Jewish community center has filed paperwork with the city to add an on-site senior living facility to its campus. The Valley of the Sun Jewish Community Center filed applications with the city on Aug. 5 for zoning and text amendments needed to pave the way for the 185-room facility…» |
| Amazon Claims 95K SF at Cousins’ 100 Mill Development in Downtown Tempe Cousins Properties signed a roughly 95,000-square-foot lease with Amazon at 100 Mill, a 287,000-square-foot office development in downtown Tempe. The e-commerce giant will use the space at the 18-story tower for its Phoenix Tech Hub expansion. The $153-million development is expected…» |
| Bright Health Plan to Open Contact Center in Tempe Minneapolis-based health insurance company Bright Health Plan is planning to open a contact center in Tempe, Arizona, that’s set to bring up to 75 jobs in the area. Bright Health is subleasing a 28,000-square-foot space from Varsity Tutor at Rio 2100, a 100,102-square-foot…» |