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Commercial Real Estate & Business News – May 22, 2020

Hello From Arizona: Where Venture Dollars Are On The Rise
Reporting on startups opening offices in Phoenix without crunching data on homegrown companies raising capital doesn’t do Arizona justice. While this is often the talking point-how Arizona’s tech and startup scene serves as a less expensive option for companies based elsewhere to open…»
Massive Mixed-use Redevelopment Planned in Old Town Scottsdale
Steven and Shawn Yari have major plans for redevelopment in Old Town Scottsdale. The top executives with California developer Stockdale Capital Partners have submitted plans to the city for the Scottsdale Collective project, which aims to “evolve and mature the greater entertainment district-area into…»
Rent Collections Strong, Rent Growth Not So Good
Yardi Matrix recently released its April National Multifamily Report, which paints a mixed picture of what’s happening with rent collections and rent growth during the COVID-19 pandemic. Two months into the crisis, the unemployment safety net appears to be holding-so far.The report backs up a…»
Why Multifamily Rents are Holding Up Better than Expected
Despite mass unemployment and underemployment, multifamily rental payments have held up far better than many industry experts expected amid the economic wreckage caused by the spread of the novel coronavirus. More than 36 million people have filed for unemployment in recent…»
ULI Forecasts Strong CRE Growth to Return in 2022
Despite numerous uncertainties, economic and real estate recovery should begin in the second half of 2020, followed by stronger growth in 2021 and significant growth in 2022, according to the Urban Land Institute’s semi-annual Real Estate Economic Forecast. The three-year “consensus” forecast measures…»