Commercial Real Estate & Business News – November 11, 2021

In the booming U.S. commercial property market, real estate investment trusts say they are having no trouble when it comes to financing. In naming a single challenge at the moment, executives say all that free-flowing capital is beginning to drive up costs of…»
More than double the share of commercial real estate tenants are planning to increase rather than decrease their space next year, according to a survey by the Visual Lease Data Institute, a lease…»
Although it’s no surprise to anyone, Amazon thrived during the pandemic and that has been good news for Arizona’s workforce. The online retailer has increased its workforce from 8,500 in 2019 to 32,000 in 2021, making Amazon the…»
A highly regarded Texas-based multifamily property management firm is entering the Phoenix market, bringing on two industry veterans to grow the company’s footprint into the Southwest. Portico Property Management, which oversees more than…»
When Walgreens announced last month that it planned to close several stores in downtown San Francisco because of safety and security issues—shoplifting, in particular—city leaders pushed back. After expressing doubt that…»