Commercial Real Estate & Business News – July 16, 2021

While the COVID-19 pandemic may have curbed progress for a lot of businesses in the East Valley, construction showed no signs of slowing down. Massive multifamily housing communities, expansive business campuses, eye-catching mixed-use towers and luxury hotels are transforming the region’s skyline, and…»
In the wake of the COVID-19 pandemic, Arizona’s two largest cities might be better places to live, relatively speaking. Both Phoenix and Tucson gained ground in the “best places to live” study from U.S. News & World Report. Phoenix rose 13 places to number 40 in the newly released study, while Tucson jumped to…»
The United States experienced the largest quarter-to-quarter increase in construction costs from the first quarter of 2021 to the second, according to Rider Levett Bucknall’s quarterly cost report, which has been studying changes in construction costs for about 20 years. As a whole, the U.S. saw…»
Phoenix moved up one spot to #17 overall on CBRE’s 2021 Scoring Tech Talent report as North American tech-talent employment weathered the pandemic better than most other professions. Numerous indicators underscore the resilience of tech talent during COVID-19. These occupations…»
Investcorp has just completed a major apartment purchase. A fund managed by the company has acquired a five-property apartment portfolio totaling 2,228 units for a total of $420 million. The properties are located in Arizona, Texas and Georgia. This portfolio is part of an aggressive acquisition strategy the…»