Commercial Real Estate & Business News – June 1, 2020

Ducey Announces $600M in Coronavirus Relief Funds
The Governor’s Office is providing nearly $600 million in coronavirus relief and recovery dollars for local Arizona governments and nonprofits as part of a funding plan announced today by Governor Doug Ducey. The plan includes $441 million in direct, flexible funding to…»
Two More Valley Casinos Opening with Heightened Safety Precautions
Two more Valley casinos have announced they will reopen at a limited capacity and with added health precautions in place next week after being closed for more than two months because of the Covid-19 pandemic. Casino Arizona and Talking Stick Resort, both located just east of Scottsdale…»
Phoenix Real Estate Entered 2020 on a High, Which Should Ease the Pandemic’s Market Impact
Metro Phoenix’s housing market slowed quickly in the early days of COVID-19 but is showing signs of bouncing back. New listings and home sales cancellations climbed in March when many homeowners and homebuyers were worried about making mortgage payments as unemployment soared…»
Developer Proposes Single-Family Home Rental Project in Phoenix
Phoenix planning officials next week are scheduled to weigh a proposal by a real estate developer to build a single-family residential rental home project in Camelback Ranch. The Empire Group of Companies, based in Scottsdale, Arizona, filed plans in March to build 194 single-family…»
Optima Kierland Center Adds 2nd Luxury Apartment Tower
Award-winning real estate development firm, Optima, and joint venture partner, Principal Real Estate Investors, announced today that a new luxury apartment tower, 7140 Optima Kierland, is coming soon to Optima Kierland Center in North Scottsdale. Registration is now open for the VIP…»