Commercial Real Estate & Business News – January 21, 2021

CRE Investors May Have Missed the Window for Distress
In the last downturn, some CRE investors were able to scoop up distressed assets by this point in the cycle. But so far, those conditions haven’t materialized in the Covid-19 crisis, according to Real Capital Analytics. The Global Financial Crisis started in December…»
Which CRE Sectors Are Family Offices Zeroing In On in 2021?
As family offices shake off the remnants of 2020, they’re turning their attention to which types of commercial real estate investments to pursue in 2021. “The impact of the pandemic and the shift of power in Washington have given commercial real investors a lot…»
Phoenix’s Retail Market Has Bright Future
The pandemic hasn’t hindered growth in Phoenix’s retail market. Although the city had temporary business closures during the pandemic, demand has continued to support retail activity, and design and architecture firm Nadel Architecture and Planning…»
SkySong Economic Impact Projected at $58.2B Over 30 Years
SkySong, The ASU Scottsdale Innovation Center “is a job creator with outsized ripple effects” on economic development in the region, with an estimated impact of $58.2 billion over the next 30 years and with even more value as a brand representing innovation…»
Amazon Lifts Phoenix Industrial Market to Best Year Ever in 2020
The Greater Phoenix industrial market posted its largest amount of net absorption in history during 2020, according to a report from Colliers International. The city posted 13.9 million square feet of net absorption during 2020, 7.0 million of which were absorbed in fourth quarter. The surge in demand…»