Commercial Real Estate & Business News – May 27, 2020

Borrowers Pony Up More Cash Reserves to Move Loans Forward
Many lenders that hit the pause button on new originations at the start of the pandemic are stepping back into action, albeit with a more conservative playbook than they had at the start of the year. One big difference: lenders have new requirements…»
Grocery Stores that Adjusted on the Fly Don’t Face the Same Reopening Challenges as Others
Supermarket chains and other grocery retailers in Arizona aren’t preparing for the reopening of the economy like a lot of other businesses. That’s because food stores already had to make significant adjustments on the run, as they never shut down during the coronavirus…»
Even Covid-19 Couldn’t Keep Phoenix Home Price Gains Down
Leading the nation once again in home price gains, Phoenix appears to be immune to Covid-19.At 8.2%, Phoenix reported the highest year-over-year gains during March, according to the S&P CoreLogic Case-Shiller Indices, at a time when the national year-over-year…»
The Long-Term Threat to Office Demand is Getting Real
About a month after the US lockdowns for the pandemic began, Morgan Stanley CEO James Gorman told Bloomberg Television that it had become clear to him that the firm could operate with “much less real estate.” The productivity of Morgan Stanley’s hastily-assembled remote…»
Valley Partnership Positions Itself to Play Vital Role in Arizona Development
Everything that Valley Partnership is involved with is part of its pursuit of a mission, which is to be the premier advocacy group for responsible development in Arizona. As an organization, Valley Partnership represents the commercial, industrial, multi-family…»