Commercial Real Estate & Business News – May 21, 2020

Buoyed by Triple Digit Growth and Revamped Properties, Target Says It’s Ready to ‘Play Offense’
Target, with the help of its vast real estate empire, edged out rival Walmart in sales growth and had an easier time than Amazon in filling online orders in the first quarter, positioning the retail chain to gain more ground in coming months as buying habits change in the coronavirus…»
Focus on Phoenix: Multifamily Sector Shows Promise Despite Turbulence
Just over a decade ago, a booming Phoenix market experienced a confluence of trends – rampant overbuilding, followed by a national economic crisis that meant a spike in unemployment and a near halt in population growth. One of the biggest commercial real estate downturns in the region’s history…»
Food Prices Soar to Highest One-month Increase Since 1974; Price of Eggs Up 16% in April
As more Americans stayed home in April because of COVID-19, they cooked more home meals. And they paid the price for it. Literally. Grocery store bills shot up April, showing the biggest monthly increase in nearly 50 years, according to the U.S. Bureau of Labor Statistic’s monthly…»
SkySong Welcomes Leading Manufacturer of Data Center Technology to New Arizona Office
A prominent Price, Utah-based manufacturer of integrated, custom engineered data center technology has chosen SkySong for its Arizona office.IE Corporation (IE) has signed a lease for a 2,336-square-foot space in SkySong 2, the company’s first permanent office space in Arizona. The space is one of several…»
Indoor Air Quality Becomes A Bigger Issue
Before the onslaught of COVID-19, the building industry was already developing procedures and products for improving indoor air quality. Building envelopes have become much tighter as triple-pane windows, insulated garage doors, and energy recovery ventilators became…»