Commercial Real Estate & Business News – December 4, 2020

Maxwell on 66th Sells for $122.5M in Biggest Multifamily Deal of 2020
Just a day after news of the $187 million sale of the Grand2 office building in Tempe, another nine-figure transaction hit the books. According to the commercial real estate transaction tracking website, the Maxwell on 66th apartment complex…»
These 4 Healthcare Projects Transform Care in the Valley
The rate of healthcare building has been steady in the last few years, with several new facilities coming online each year. These four healthcare projects are the latest to open in the Valley: HonorHealth Sonoran Crossing Medical Center Location: 33400 N. 32nd Ave., Phoenix...»
3 in 4 Workers Want to Return to an Office in the Future—Here’s How They Expect the Workplace to Change
Despite all the ways the coronavirus pandemic has normalized working from home, 3 in 4 workers hope to return to an office at some point in the future, according to a recent survey of 2,033 office workers worldwide by the commercial real estate firm JLL…»
Lucid Motors Finishes First Phase of $700 Million Electric Vehicle Factory in Arizona
Electric vehicle maker Lucid Motors completed the first phase of its factory halfway between Tucson and Phoenix and expects its first cars to roll off the assembly line next spring. Lucid said the 999,000-square-foot plant on 590 acres in Casa Grande…»
Fannie Mae, Freddie Mac Conforming Loan Limits Increase for 2021
The Federal Housing Finance Agency announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA. In 2016, the FHFA…»