Commercial Real Estate & Business News – December 17, 2020

Graycor Completes Panel Tilt at 1.2M SF G303 Project
The Southwest Division of Graycor Construction Company has completed its panel tilt at Glendale 303 (G303) Phase I, marking the near-term completion of a Class A industrial development poised to meet the needs of still-surging Phoenix industrial demand…»
Net Lease Investors Rush to Allocate Capital
After a summer lull and an uneven 2020, the net lease investors are coming out in force. “Q4 has been total mania,” says Camille Renshaw, CEO and Founder of B+E. “I don’t think I’ve ever seen so much going on. Loads of large 1031 exchanges are in the market…»
Amid Surging COVID-19, Fed Could Take Steps to Lower Mortgage Rates, Boost Economy
As the Federal Reserve concludes a two-day meeting Wednesday, it will be struggling with how to respond to opposing forces in the nation’s COVID-19-fueled economic crisis. On the one hand, a resurgence of the virus already has slowed the economy…»
Nation’s Heaviest Concrete Tilt Panels Erected at Northrop Grumman in Gilbert
Willmeng Construction Inc., a Phoenix-based commercial general contractor, hosted a tilting ceremony on Nov. 2, celebrating the successful lift of the heaviest concrete tilt panels in the nation and the eighth tallest in North and South America, weighing…»
Institutional Buyer Pays $122.5 Million for Luxury Apartments in North Phoenix
RREEF Property Trust, an affiliate of German asset management firm DWS Group, paid $122.5 million for a garden-style apartment property north of Scottsdale, Arizona, in one of the largest apartment sales of the year in greater Phoenix. JLB Partners, based in Dallas…»