| 5 New Developments Coming to the West Valley The West Valley leads the way in land sales in the Phoenix Metro area. With an ever-growing entertainment district, high-performing schools, private utility companies and an expanding infrastructure, the West Valley is an attractive territory for homebuilders and developers and new…» |
| Fairfield Residential Buys Apartment Complex in Tempe, Arizona Apartment giant Fairfield Residential paid $73 million to buy Norte Town Lake, a 244-unit luxury apartment property in Tempe, Arizona, one of greater Phoenix’s most coveted multifamily investment markets. Fairfield Residential, which owns or has developed 42,300 units in 33…» |
| Phoenix Office Space Market Remained Positive in Second Quarter The Greater Phoenix office market remained relatively healthy during second quarter, despite business interruptions caused by Stay-at-Home orders and impact of coronavirus. The office sector posted its 33rd consecutive quarter of positive net absorption and office vacancy remains below…» |
| Coronavirus Surge: Next Bailout Could Cost $1.5 Trillion, Moody’s Says The surge in coronavirus cases across many U.S. states will come with a big price tag. The next bailout package will need to be at least $1.5 trillion, compared with an estimate of $1 trillion before the rise in COVID-19 cases, according to Moody’s Analytics chief economist Mark Zandi. “A few weeks ago…» |
| Senior Housing Occupancy Slips to All-Time Low Occupancy rates at senior housing properties across the U.S. experienced the largest quarterly decline since reporting began 14 years ago, according to a new report from the National Investment Center for Seniors Housing & Care. Nationwide, occupancy fell 2.8 percentage points in the second…» |