Commercial Real Estate & Business News – January 22, 2021

Align Technology Establishes Global Corporate HQ in Tempe
Align Technology, Inc. (Nasdaq: ALGN) today announced that it established its new global corporate headquarters in Tempe, Arizona, effective January 1, 2021. The company’s San Jose campus remains the hub for its global innovation, product, and marketing…»
Phoenix Office Complex Fetches $103.5 Million in Sale
A Florida-based commercial real estate firm bought a Camelback corridor office complex for $103.5 million, the highest price paid for a multi-tenant office asset in Phoenix since 2019. The property, called Anchor Centre, at 2201 and 2231 E. Camelback Road, includes two buildings…»
These Are The Five Hottest – and Three Coldest – Markets For Home Prices in 2021
The coronavirus pandemic has changed not only how we live but where we live, and that has upended some of the usual trends in local housing markets. Now that some people can work from anywhere, they can also live anywhere, and they are moving…»
Fry’s Food to Build $89 Million AI-infused Fulfillment Warehouse in Phoenix
Kroger Co., the nation’s largest operator of traditional supermarkets and parent company of Fry’s Food Stores, is set to build an $89 million high-tech warehouse in Phoenix that will fulfill online grocery orders. Construction on the 222,850-square-foot building, which…»
$200B of Investment Capital Will Come Off of the Sidelines This Year
This year, a significant amount of capital is set to hit the commercial real estate investment market. During the uncertainty of 2020, more than $200 billion has sat on the sidelines, waiting out the market uncertainty. Those investors are poised to return this year…»