Commercial Real Estate & Business News – December 10, 2020

Jobs Magnet: Study Ranks Metro Phoenix No. 1 Nationally for Attracting, Retaining Workers
Metro Phoenix has finished at the top — again — in a national study that ranks counties by their ability to attract and retain high-quality workers and other economic-development factors. Maricopa County finished first in the study by labor-analytics firm Emsi, beating…»
How Are Net Lease Drugstore Investors Reacting to Amazon’s New Online Pharmacy?
While the net lease drugstore sector has been relatively internet-resilient and deemed an essential service during the COVID-19 pandemic, Amazon’s recent launch of Amazon Pharmacy could pose a significant threat to bricks-and-mortar drugstores. For now, however, net lease investors are waiting…»
Office CMBS’ Pain May Last Longer Than Expected
Companies will likely continue to grapple with their future plans for the office long past when a Covid-19 vaccine has been widely distributed. Questions about whether employees will work remotely permanently, whether a hybrid model is best and maintaining corporate culture…»
North Carolina Developer to Build Luxury Apartments in Phoenix’s Gilbert Suburb
A developer plans to break ground early next year on 317 luxury apartments at the Val Vista Square mixed-use development in Gilbert, Arizona. Crescent Communities, based in Charlotte, North Carolina, bought 8.6 acres in the development at the southeast corner of Val Vista Drive and Pecos…»
Eastmark in Mesa Will Get New $80M Luxury Apartment Community
2.0 at Eastmark, a luxury multifamily housing community, recently submitted plans for construction in Mesa, Arizona. PCS Development will develop the project with commencement of construction slated for Q2 2021. This follows the immensely successful development of the team’s first project at Eastmark…»