Commercial Real Estate & Business News – February 2, 2021

Many economists aren’t just expecting a recovery this year—but one with the potential for significant economic growth. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, gives a positive outlook for the economy and the commercial…»

The medical office market in Greater Phoenix remains strong as population grows and companies relocate to the area, according to a report from Colliers Arizona. Demand for healthcare is growing, which is projected to drive demand for medical office space throughout..»

Much needed affordable housing is going up in the midst of a pandemic, eviction crisis and nonstop trend of rapidly rising home and rent prices in metro Phoenix. More than 500 affordable homes are under construction in metro Phoenix, at a time they are…»

The apartment market has not yet entered a clear recovery. In January, the National Multifamily Housing Council Indexes for sales volume and equity financing both improved beyond the breakeven point, but market tightness and debt financing continued…»

Kroger Co., the nation’s largest operator of traditional supermarkets and parent company of Fry’s Food Stores, has purchased a large property in west Phoenix where it plans to build a 222,850-square-foot high-tech warehouse to fulfill online grocery…»