Commercial Real Estate & Business News – May 6, 2021

AFIRE, the Association of Foreign Investors in Real Estate, just released its 2021 survey. The results show that 60% of responding investors expect to increase their investment volume this year. The online survey was of 101 respondents from 19 different countries over…»
It is difficult to pick up a newspaper and not see an article on sky rocketing Scottsdale home prices. Additionally, Scottsdale has the highest average apartment rental rates in the metro area. Helping to fuel this price surge are out of state…»
Investcorp, the real estate investment giant based in Bahrain, acquired a pair of Phoenix apartments just months after the company closed a series of high-profile multifamily sales nationwide. The company paid $169.5 million for two apartment…»
Federal judge Dabney Friedrich of the US District Court for the District of Columbia has struck down the Centers for Disease Control and Prevention moratorium on evictions. The moratorium was first enacted last year and most recently extended…»
Phoenix developer George Oliver has completed an extensive renovation of the Alexander office building in downtown Chandler and secured several new tenants. The renovations to the 5-story, 112,000-square-foot office building include…»