Commercial Real Estate & Business News – July 14, 2020

Valley Commercial Real Estate Execs’ Outlook Improved in June, Studies Show
The Covid-19 pandemic put a damper on almost every sector of commercial real estate during the second quarter, but sentiments of industry executives are becoming more positive, according to surveys done by commercial real estate groups. Nationwide, a survey conducted in June by industry group…»

East Valley Construction Projects are Redefining the Region
Patience (and a lot of it) is beginning to pay off for City of Mesa officials. The state’s third-largest city has long had a reputation for slow, careful development, and nowhere has that deliberate process been more apparent in the East Valley than in the downtown Mesa submarket. The area has had precious little…»

Slowly but Surely, Mesa Getting a New Downtown
After decades of big plans followed by bigger disappointments, the foundations of new downtown Mesa are emerging as city leaders and developers look past the COVID-19 pandemic towards a brighter day. Piece by piece, a new downtown is starting to come into focus, with the ASU@mesacitycenter…»

New Office Development Activates Third Phase of Arizona State University’s Novus Innovation Corridor
Developer and builder, Ryan Companies along with joint venture partner University Realty LLC, announce the completion of the 84% preleased, six-story, multi-tenant office building, 777 Tower at Novus Innovation Corridor. 777 Tower at Novus Innovation Corridor, built by Ryan Companies, is located…»

Phoenix Office Market Remains Positive in Second Quarter
The Greater Phoenix office market remained relatively healthy during the second quarter, despite business interruptions caused by stay-at-home orders and the impact of coronavirus, according to a report from Colliers International in Arizona. The office sector posted its 33rd consecutive quarter of positive net absorption…»