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Commercial Real Estate & Business News – May 17, 2021

Commercial and multifamily mortgage loan originations decreased 14% in the first quarter compared to the same time last year, according to the Mortgage Bankers Association. Not surprisingly, the dip reflects a hangover from the pandemic that disrupted markets most of last year, with struggling hospitality and retail…»
A former Phoenix Motorola manufacturing facility was sold and will be redeveloped for industrial or data center uses. Chicago-based Baker Development Corp. bought the 28.4-acre parcel at 1110 N. 52nd Street in Phoenix from Reich Brothers for $10.25 million, according to real estate database Vizzda…»
The Macerich Co. (NYSE: MAC), which owns some of the largest shopping malls and retail centers in the Valley and across the country, is hoping its Arizona portfolio will be a crystal ball to how the retail industry will bounce back after the Covid-19 pandemic…»
Viavi Solutions Inc. has bought the last of four buildings in developer Ryan Cos.’ Chandler Airport Commerce Park, which was just a patch of bare dust about 18 months ago, amid growth in the greater Phoenix region for the Silicon Valley company. The publicly traded company, which tests and assesses internet infrastructure…»
The eat-at-home trend boosted by the COVID-19 crisis won’t recede anytime soon post-pandemic, according to new research from CPG sales and marketing firm Acosta. After the pandemic ends, 92% of families plan to continue eating together at home at least as often as — or more often than — they do now, Acosta’s “COVID Dining Journey…»