Commercial Real Estate & Business News – March 4, 2022

The investment outlook for the office asset class is improving, despite the current lackluster level of leasing. The release of pent-up buyer demand paired with the shift in risk preferences lifted the average office sale price by over 6 percent in…»

E-commerce giant Amazon.com (Nasdaq: AMZN) is closing the bulk of its brick-and-mortar stores, including two in the Valley. The Seattle-based company confirmed Wednesday its shuttering all of its physical bookstores and 4-star stores. The…»

In recent days and weeks, the Centers for Disease Control and Prevention has revised its mask guidance, cities and states have removed restrictions, and the White House rolled out a new approach to dealing with the virus. Return-to-office plans and…»

The beginning of 2022 brought a healthy office leasing activity to the Greater Phoenix market, according to CommercialEdge. The metro’s vacancy rate clocked in at 14.9 percent in January, moving further away from the national average of…»

Multifamily has been the darling of commercial real estate for more than a decade, and the pandemic has only served to renew investor confidence in the asset class. As a result, there is record competition in the space. To win deals and provide a…»