Commercial Real Estate & Business News – March 26, 2020

Phoenix Home Sales Up 14% Year-Over-Year
Representing the last full month before the coronavirus became a global pandemic, February saw the third consecutive month of year-over-year increases in U.S. home sales – a streak not seen since 2015. At the same time, inventory across the report’s 53 metro markets plunged 15.8%, marking the fourth…»
Why Some Investors Are Seeing Opportunity Today
Some investors are seeing opportunity in the current state of the market. Specifically, long-term private investors are seeing a potential pricing adjustment and opportunity for portfolio growth. Atlas Real Estate, a firm focused on providing financial autonomy to private investors through real estate investment…»
Hensel Phelps Breaks Ground on 21-story “Small Unit” Apartment Development in Roosevelt Row Arts District
General contractor Hensel Phelps in February broke ground on Derby Roosevelt Row, Metro Phoenix’s first “small unit” apartment development. Located in the highly sought-after Roosevelt Row Arts District, Derby Roosevelt Row 800 E. 2nd St., will be a 21-story high-rise featuring 222 residential…»
Arizona Resorts’ Wow Factor Features You Won’t Read About on TripAdvisor
Even though Arizona’s tourism industry is struggling to cope with the unprecedented current health crisis, the industry boasts a wow factor that will bring it back quickly and better than ever.And numbers don’t lie. Last year, Arizona hotels and resorts hosted more than 45.5 million overnight visitors…»
More Help Arrives for Arizona Renters Facing Eviction and Landlords Who Don’t Shut Them Out
More Phoenix-area renters struggling to avoid eviction during the coronavirus crisis will get automatic reprieves. Other Valley renters who can’t make their payments because they are sick or their incomes have dropped can request court delays or telephone…»