Commercial Real Estate & Business News – December 18, 2020

The Number of Remote Workers Could Double in Five Years
The number of remote workers in the next five years is expected to be nearly double what it was before Covid-19: By 2025, 36.2 million Americans will be remote, an increase of 16.8 million people from pre-pandemic rates, according to Upwork’s Future Workforce Pulse Report. Hiring managers…»
McCarthy Tops Out $192 Million Science and Technology Building at ASU
McCarthy Building Companies recently achieved the construction milestone of topping out on the new $192 million Interdisciplinary Science and Technology Building 7 (ISTB7) project at Arizona State University (ASU). The ISTB7 building is the latest among dozens of Leadership in Energy and Environmental Design…»
Don’t Expect The COVID-19 Vaccine To Start A Rush Back To The Office
With the arrival of a coronavirus vaccine on the horizon, many in commercial real estate have already begun to plan for life after the pandemic. But the period between now and then will be especially murky for office real estate. The continuing rise in cases, hospitalizations and deaths nationwide…»
Phoenix Rising FC, Arizona’s highest-level professional soccer team, announced today the relocation of its stadium and professional training facilities from south Scottsdale to Wild Horse Pass within the Gila River Indian Community. The move will immediately increase seating capacity at the stadium…»
Investor Bets on North Phoenix in Deal for Two Aging Apartment Complexes
A local investor has paid $55 million for a pair of apartment properties it plans to renovate in Phoenix, where the low cost of living and limited single-family home construction has helped buoy the multifamily market through the pandemic. General Diversified Resources Inc., an entity of an investor that is registered…»