Commercial Real Estate & Business News – May 19, 2020

Here Are The Projects Driving the Boom in Downtown Phoenix Development
When Hines began looking into developing its first multifamily project in Arizona, there were several attractive markets to choose from. Luxury apartment projects like the one Hines wanted to deliver to the Valley were hot commodities across the Valley, from Tempe…»
Behind the Deal: How ASU’s Engineering Growth Attracted Zoom to Arizona
Before Zoom became synonymous with how people communicate during social distancing, the California video conferencing giant that shot to popularity during the Covid-19 pandemic was already in talks to open a research and development facility in the Phoenix area…»
Phoenix Makes The Case For Space In A Post-Coronavirus Market
With social distancing recommendations being implemented with no end in sight, physical space is at a premium now more than ever. That trend has been buoying some commercial real estate in Phoenix. The northeast corridor of the valley, which consists of northeast Scottsdale and the…»
Home Prices Continue Rising in Two-Thirds of Opportunity Zones
ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its first-quarter 2020 special report analyzing qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017…»
Many Phoenix-Area Parks, City Halls Reopen as Stay-at-Home Order Expires. Here are City-by-City Details
As Arizona’s stay-at-home order expires Friday, city leaders across metro Phoenix are discussing how to reopen city parks and city halls during the new coronavirus health crisis. Even as Gov. Doug Ducey has given restaurants, gyms, pools and movie theaters the go-ahead to reopen this…»