Commercial Real Estate & Business News – August 5, 2021

Shareholders of Kimco Realty Corp. and Weingarten Realty Investors approved the previously announced merger of the two shopping center REITs. The deal, which closed on Tuesday, creates a company with a pro forma equity market capitalization of…»
A highly skilled workforce and business-friendly environment have helped the Greater Phoenix Area become a prime choice for investors. With many big names leaving California, some are choosing the metro to relocate their headquarters or open new offices…»
A trio of investors has broken ground on two warehouses in Glendale, Arizona, a Phoenix suburb where industrial development and leasing are booming. A joint venture between real estate investors McKinney Investments LLC, Westport Capital Partners and AEW started construction of Latitude 303 Logistics…»
Some say there’s a special magic behind one of the Phoenix metro area’s oldest multifamily management companies, P.B. Bell. Many other multifamily owners and operators in the booming Valley of the Sun rental market would likely agree, given the diverse portfolio…»
President Joe Biden’s administration announced a new moratorium on evictions Tuesday — three days after the previous federal moratorium expired. The new moratorium, which will last for 60 days, is narrower than the previous Centers for Disease Control and...»