Commercial Real Estate & Business News – May 20, 2020

Arizona Sees Gains in Real Personal Income, New Data Shows
Despite often being near the top in the U.S. for personal income growth, Arizona’s real income growth, which is adjusted for regional price parity and national consumption expenditures price index, landed the state near the middle for growth during 2018, according to Bureau of Economic…»
Benchmark Takes Over Hotel Valley Ho and Mountain Shadows
Two legendary hotels and resorts managed by Arizona-based Westroc Hotels & Resorts, the iconic Hotel Valley Ho in Old Town Scottsdale and the newest luxury golf resort in Paradise Valley, Mountain Shadows Resort Scottsdale, have transitioned to a larger management company, Benchmark…»
Creighton University Expands Phoenix Health Science Programs
Creighton University is expanding its Phoenix health science programs by adding two rapidly growing fields to its existing medical and nursing programs. The Arizona State Board for Private Postsecondary Education has approved the addition of Creighton’s Occupational…»
Arizona House to Push Covid-19 Business Liability Bill
The Arizona House of Representatives returned to work Monday with an eye toward passing a bill to protect businesses from coronavirus-related lawsuits. The bill was one of several the House planned to take up as leaders looked to finish out a session interrupted by Arizona’s Covid-19 pandemic…»
Does COVID-19 Mean The End Of Urbanization? Maybe Not
There’s a lot of talk right now that the coronavirus pandemic could spell the end of the push for urbanization and centralization we’ve seen in recent years in cities across the country  – including Phoenix. The reason is pretty simple. Social distancing and staying home is making the suburbs look a little better right…»