Commercial Real Estate & Business News – March 17, 2020

Phoenix Among Top Tech Markets
Phoenix is officially one of the top tech markets in the nation for office leases. According to a list of the markets with top tech-company office leasing activity from CBRE, Phoenix is ranked fourth in the nation for its share of the technology leasing, with a total of 1.3 million square…»
My View: Count on Arizona’s Innovative Businesses to Blunt Coronavirus Effects
You’ve no doubt had your fill of conjecture and fear from media coverage of the coronavirus. And look what has happened: the economy is seesawing as investors and others hit the panic button, shoppers are cleaning out entire shelves of cleaning…»
Industrial Developers Are Busier Than Ever in Metropolitan Phoenix
Industrial construction has reached an all-time high in Phoenix, and more than half of the space is in two submarkets alone – Glendale and Goodyear. About 17.3 million square feet is under construction marketwide, ranking Phoenix sixth among U.S. markets for space…»
Gilbert Uses Forward-thinking Boldness to Cultivate Big-city Economic Growth
When someone celebrates a milestone birthday, it’s not unusual to hear phrases like, “Wow, she really looks good for her age,” or, “So-and-so has really come a long way from when I first met him.” This year, as Gilbert celebrates its 100th birthday…»
Suburban Chicago Firm Is Still Sweet on Phoenix Apartments
A suburban Chicago investment shop is doubling down in the suburban Phoenix rental market. Inland Real Estate Group, of Oak Brook, Illinois, has agreed to pay $110 million for a three property, 457-unit portfolio. The properties, in Litchfield Park, Surprise and Tolleson, Arizona, were all built…»