Commercial Real Estate & Business News – January 29, 2021

At the close of 2020, the Arizona real estate market continued to remain strong. Historically low mortgage rates kept buyers buying, meaning Arizona’s housing inventory was unable to keep up with demand. Representatives from the 2021 board of the Arizona Association of REALTORS share their predictions…»
In the 12 years since the first buildings opened, SkySong, The ASU Scottsdale Innovation Center, has grown to generate $1.3 billion in annual economic activity, according to a new study commissioned by its developers. The estimated economic impact of SkySong over the next 30 years will be $58.2 billion..»
The rollout of vaccines late last year has created some much need optimism in Phoenix following the coronavirus’s disruption to the market. Both office leasing volume and investment edged higher by the third quarter of 2020, and several companies publicized plans to create hundreds of new jobs in the Valley…»
Mary Yu, manager at Dino’s Greek & Italian Grill in Goodyear, says her restaurant is waiting for help. Soon, they’ll be able to expand their patio thanks to a grant program from the state. But first, they need the money. Hundreds of restaurants across Arizona applied for…»
The COVID-19 pandemic may have thrown a wrench into many industries, but the Arizona real estate industry does not seem to be one of them. Many Arizona real estate companies experienced banner years in 2020, and many are optimistic as we travel deeper into 2021. Here are six Arizona real estate projects…»