Commercial Real Estate & Business News – November 11, 2020

Happy Veteran’s Day! Thank you to our service members!

Population Growth in Phoenix Expected to Drive Medical Office Market
The Greater Phoenix Medical Office market has remained healthy during third quarter, despite an increase in sublease availability. During the past three months, the market posted positive net absorption and a slight increase in rental rates, as well as maintaining vacancy below 15 percent…»
Industrial, Multifamily Price Gains Drove Modest CPPI Increases During the Fall Months
Upticks in prices of industrial and multifamily assets and some alternative property types this fall resulted in increases in overall Commercial Property Price Indexes of the three major market trackers. Real estate data firm Real Capital Analytics (RCA) reported that its U.S. National All-Property Index rose by 0.2 percent…»
Hotel CEOs Hope for a Better 2021 as Health Crisis Continues
While the world will likely be dealing with the coronavirus for a while, hotel industry CEOs believe the health crisis will become more manageable and travel will start to return sometime in 2021. During the “CEOs check in: The new norm/an industry update” panel held as part of a webinar series…»
Grocers Could Face Tough Years Ahead
As people avoided in-restaurant dining during COVID-19 and stayed at home, grocery stores have been the beneficiaries. Once things return to normal, this momentum could be lost unless they retool for the strategic challenges ahead, according to a report from Bain & Co. In fact, the sector could…»
Cold Beers & Pizza Debuts This December in Scottsdale
The inventive team behind Arizona’s ever-popular Cold Beers & Cheeseburgers, Neighborhood Burger Joint, announces the opening of Cold Beers & Pizza, Local Pizza Joint, coming to Old Town Scottsdale this December. The 3,300 square foot spot at 4222 N Scottsdale Rd., Scottsdale, AZ 85251…»