Commercial Real Estate & Business News – May 1, 2020

Park Central Ramps up Leasing Activity Despite Slowdown
The revitalized Park Central project has enjoyed increased leasing activity despite the economic downturn, with three new leases signed in the past few months. Interface Technologies has signed a lease to occupy the entirety of the 15,500-square-foot Graham Building…»
Site Selectors: Phoenix Positioned Well for Distribution Sector Growth Post-Pandemic
Despite a slowdown in business relocations and expansions, site selectors still expect Phoenix to continue to trend positively once the Covid-19 pandemic recedes. Jay Garner, president of the Site Selectors Guild, said Arizona’s proximity to Mexico will likely serve the state well after the pandemic…»
Rental Insurance Could Come into Play Amid COVID Crisis
Millions of apartment renters across the U.S. have lost jobs and income in the economic crisis caused by the spread of the novel coronavirus. Many are working with landlords by making partial payments and creating payments plans. But another aspect of the industry…»
One of Nation’s Largest Homebuilders Closes on Land West of Loop 303
One of the nation’s largest builders has closed on a parcel of land west of Loop 303 in an unincorporated area of Maricopa County with plans to build upward of 300 homes.Miami-based Lennar Corp. (NYSE: LEN) has been bullish on the West Valley lately, and is claiming…»
Contractors Wonder if They Can Survive Covid-19 Construction Site Closures
Contractors in the construction industry have seen project delays because of the COVID-19 pandemic, and many have great concerns about how long they can remain in business if delays continue for months, according to a new survey. The online survey of 172 general contractors…»