Commercial Real Estate & Business News – December 29, 2020

Congress Passes Massive COVID-19 Relief Omnibus Package
Congress has passed a last-minute deal with $900 billion in COVID-19 pandemic relief and $1.4 trillion in government funding for the rest of fiscal 2021. The pandemic relief and the omnibus package, which heads to President Trump for his signature, also contains big wins for Americans in need, including…»
Here’s Where Phoenix Ranks Among Top Moving Destinations
In 2020, Americans were on the move, but perhaps not to where you might expect. The key results of Updater’s 3rd Annual Moving Destinations Report, which tracks American migration patterns over the past year, are as follows: Americans departed the largest, most densely populated cities in the United…»
Nation’s Heaviest Concrete Tilt Panels Erected at Northrop Grumman’s Satellite Manufacturing Facility
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 panel in the nation and the eighth tallest in North and South America, weighing in at more than 500,000 lbs. at the Northrop Grumman…»
Online Sales, Returns Fuel Valley Industrial Demand for the Holidays and Beyond
The Covid-19 pandemic has accelerated the trend toward online buying, yet a larger portion of items bought online are returned, compared with items bought in person. That has given rise to a surge in industrial demand in the Valley, to handle what’s known as reverse logistics…»
Sportsman’s Warehouse to be Acquired by Owner of Bass Pro Shops, Cabela’s
Great American Outdoors Group is adding another retail banner to its portfolio. The parent company of Bass Pro Shops, Cabela’s, White River Marine Group and a collection of nature-based resorts will acquire Sportsman’s Warehouse for $18.00 per share in cash. The transaction is expected to close in the second half…»