Commercial Real Estate & Business News – July 29, 2020

Unprecedented Demand Pushes Valley Home Price Gains to No. 1 in the Nation
Once again, Phoenix has reported the highest year-over-year gains in home price growth, well ahead of other key U.S. cities. With a 9% year-over-year gain in May among 19 cities measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, Phoenix was followed by Seattle, at 6.8%…»

Montana Buyer Acquires Gold Canyon Golf Resort, Plans Land Development
A Montana buyer has acquired the Gold Canyon Golf Resort and Spa in Gold Canyon for $29.43 million and plans to continue operating the golf courses and develop some of the developable land around the courses. Marvin Klinker bought the golf resort and spa and some surrounding parcels, which total…»

Real Estate Deals Cratered In 2020’s First Half, But They May Yet Rebound
The real estate market took a big hit in the first half of 2020 thanks to COVID-19, but there’s still time for a recovery before the end of the year. That’s according to a new report from consulting firm PwC that analyzes the state of US real estate market midway through the year. The report notes…»

How Apartment Renter Preferences Are Changing Because of the Pandemic
The pandemic has shifted preferences when it comes to what renters are seeking when considering new apartments. Before the emergency of COVID-19, a Greystar survey revealed the most wanted apartment amenities in the U.S. included swimming pools, multi-use common areas, pet-friendly…»

Arizona Renters Hurt by COVID-19 Must Follow These 4 Steps by Aug. 22 to Avoid Eviction
Arizona renters struggling due to COVID-19 have gained more time to avoid eviction, but they must submit new paperwork to their landlords by Aug. 22 to keep their homes. Under Gov. Doug Ducey’s extension of the state’s eviction moratorium through Oct. 31, renters must: Re-notify the landlord…»