Commercial Real Estate & Business News – June 2, 2021

By and large, the people who moved during the pandemic have more money in their pocket than they did in early 2020. Seventy-eight percent of surveyed users who moved to a different metro area from March 2020 through March 2021 have the same or more disposable…»
The White House’s plan to raise the capital gains tax rate and do away with deferred taxes on property exchanges, should it become law, would likely result in transactional changes next year and beyond, but any significant decline in the volume of deals may be muted, according to…»
Los Angeles-based TruAmerica Multifamily has expanded its footprint in Phoenix and Nashville with the purchase of two garden-style apartment buildings in separate transactions for a combined $196 million. The two properties total nearly 1,000 units. In Phoenix, TruAmerica purchased The Urban,…»
S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for March 2021 show that home prices continue to increase across the U.S. and Phoenix leads the way with the highest…»
The first quarter of 2021 brought positive net absorption to the Greater Phoenix retail market, according to a report released today by Colliers in Arizona. Absorption pushed vacancy down and rental rates continue showing signs of growth. The city lost significant jobs during the spring of…»