Commercial Real Estate & Business News – March 1, 2021

Health officials confirmed COVID-19 in another 1,310 Arizonans Wednesday and reported that 43 more people died from the disease, according to the latest numbers from the Arizona Department of Health Services. Depressing numbers – but a vast improvement from just six weeks ago, when the daily average…»

Phoenix has consistently been one of the fastest growing large metros in the country, but new data from the Brookings Institution shows prosperity has not kept up with the growing population. Brookings Metro Monitor ranked Phoenix 19th out of 53 very large metros on growth and 46th on prosperity using…»

TEMPE, AZ – Investcorp has acquired a five-building, multi-tenant, light industrial park in Tempe, AZ from BKM Capital Partners for $85.4 million. The 536,051-square-foot asset, Tempe Commerce Park, encompasses five properties located at 7340, 7350 and 7360 S. Kyrene Rd. and 7343 and 7333 S. Hardy Dr. in Tempes…»

Despite the fact that the COVID-19 pandemic still has a strong grip on the U.S., new unemployment claims decreased week-over-week on February 15, and were 89% below the peak during the COVID-19 pandemic. To help add some context to these statistics, WalletHub just released updated rankings…»

After a rocky end to 2020, Nikola, the hydrogen-fuel cell and electric vehicle manufacturer based in Phoenix, is looking to get back on the road this year. The company set several major milestone goals after the markets closed on Thursday in conjunction with its fourth quarter earnings report filing…»