Commercial Real Estate & Business News – August 3, 2021

On August 1, 2021, the CDC eviction moratorium should no longer bar landlords from evicting tenants. By virtue of the expiration of the moratorium, we anticipate that many justice courts in Arizona will be handling a backlog of landlord/tenant issues. After all, there were various laws that…»
A Canadian-based company will locate its U.S. headquarters in Mesa. The move adds to the region’s growing reputation as an electric vehicle hub. Exro Technologies Inc. develops technology that expands the capabilities of electric motors, generators and batteries. The company plans to…»
KORE Power, Inc. announced today the first lithium-ion battery manufacturing facility wholly owned by a U.S. company will be built in Maricopa County. “Arizona is thrilled to be selected as the home of the country’s first U.S.-owned lithium-ion battery manufacturing facility,” said Governor Doug Ducey…»
Phoenix-based GO Industrial has embarked on its first metro Phoenix development, purchasing 77 acres in the West Valley submarket for the development of GO | 99. The new project will total three buildings and over 1.2 million square feet in one of the nation’s most…»
In hindsight, hints that real gross domestic product would grow below projections were brewing based on recent inflation reports. After all, the “real” in real GDP implies that nominal output is deflated by the rate of inflation. Last week, the Bureau of Economic Analysis reported second-quarter growth of...»