Commercial Real Estate & Business News – July 14, 2021

Despite countless factors working against economic development, Greater Phoenix continued to see growth over the past year. Thanks to its highly skilled, diverse workforce and pro-business climate, the Valley is a magnet for relocating businesses across the country, as well as…»
Amazing things are happening in Downtown Phoenix. The city is experiencing tremendous growth. In addition to welcoming new residents from across the country, Phoenix also has been attracting businesses in the health care and bioscience sector. It all started approximately 20 years ago with the…»
PHOENIX — Healthy grocer Sprouts Farmer’s Market is set to open a store to replace an old store on July 21 in Phoenix, the company announced on Thursday. The new store will be located at 4201 W. Thunderbird Road about three miles from the existing location at the…»
Several converging trends are contributing to an increase in the number of real estate developers transforming older office parks into competitive mixed-use properties, introducing multifamily housing to create communities that offer an appealing live-work environment…»
Red-hot demand from leisure travelers boosted a key lodging industry metric higher than it was during the same period in 2019, marking the first time since the pandemic began that U.S. hotels outperformed pre-Covid levels. Revenue per available room, which combines occupancy and prices…»