Commercial Real Estate & Business News – January 5, 2021

Michael Pollack Looks at Retail Struggles of 2020 and What Lies Ahead
The past year has been a struggle for many industries, but no industry was affected more by the COVID-19 pandemic than the retail industry. To get a better view of what the retail market in the Greater Phoenix market endured during 2020 and what lies ahead for those…»
Lower Property Sales Volume Subdues Price Growth
Commercial property sale prices posted modest gains in November but at a slower pace than in recent months, according to the latest monthly CoStar Commercial Repeat Sale Indices. New supply levels have fallen considerably during the coronavirus pandemic, the report said…»
Commercial Real Estate 10 Valley Commercial Real Estate Projects to Watch in 2021
2020 was a momentous year and one that had a dramatic impact on commercial real estate. Office and retail leases stalled, building sales halted and hotel projects were largely put on hold during the height of the Covid-19 pandemic. But that isn’t evident with the massive amount…»
Ryan Companies Sells Building in Phoenix’s Tempe Office District
A partnership of real estate private equity firm Ascentris and developer Cypress Office Properties bought a new office in Tempe, Arizona, one of Phoenix’s strongest and highest-profile office districts. Denver-based Ascentris and Cypress, based in San Diego…»
ORION Sells 8.8 Acres in Chandler for $2.95M
8.8 acres at the southeast corner of Gilbert and Riggs roads in Chandler sold this past week for $2,950,000, which was above the original asking price. Judi Butterworth and Larry Kush of ORION Investment Real Estate represented the sellers,…»