Commercial Real Estate & Business News – June 24, 2020

CVS Health Hiring Hundreds in East Valley for New Aetna Operations
CVS Health (NYSE: CVS) intends to hire 500 people at a revamped 101,000-square-foot facility in Chandler. The Rhode Island health care services giant, which acquired Aetna (NYSE AET) in a deal valued at $70 billion in 2018, invested $10 million in new tenant improvements in the building at 1255…»
$100M Creighton University Phoenix Campus Marks ‘Topping Out’
Creighton University’s new $100 million, 180,000-square-foot Health Sciences – Phoenix Campus at Park Central reached a major construction milestone earlier this month as work continues on-schedule on the new building. The construction team for the building, led by developer Plaza Companies…»
Westcore, Opus Group Building 720K SF Industrial Project in Avondale
Westcore, a leading industrial real estate acquisition, development and asset management firm, has teamed with The Opus Group to develop a 720,000-square-foot, three-building industrial project on 51 acres of land in Avondale, Arizona, a submarket of Phoenix. Westcore anticipates breaking…»
Construction of Hyatt Place in Downtown Phoenix Moves Forward
Amid the rapidly changing landscape and a recovering Arizona economy, Pacific Hospitality Group and Mortenson recently broke ground on a 238-room, 8-story Hyatt Place hotel in downtown Phoenix, Arizona. Pacific Hospitality Group, in partnership with Mortenson, is developing the project. Mortenson…»
NMHC Reports 92.2% of Apartment Households Paid Rent by June 20
Out of 11.4 million professionally managed apartment households across the country, 92.2% had made a full or partial rent payment by June 20, according to the National Multifamily Housing Council’s latest Rent Payment Tracker data. This number matches the share of households who had paid…»