Commercial Real Estate & Business News – November 19, 2021

Arizona’s recovery from the pandemic gained significant momentum in the second quarter. Job gains surged, housing permit activity remained very strong, and taxable sales remained on track for significant gains. The housing market grew even hotter in the second quarter, with…»

CVS Health said Thursday that it will close about 900 stores over the next three years, as it adjusts to shoppers who are buying more online. Shares rose 2.81% to close at $95.34. With the day’s gains, CVS shares are up about 40% this year, bringing…»

Is a $9.99 lobster roll too good to be true? Try it yourself on Nov. 30 when Angie’s Lobster makes its debut in Tempe, with additional locations in Phoenix, Glendale and Mesa scheduled to open next year.Angie’s Lobster, started by…»

A demand forecast by the NAIOP Research Foundation is projecting a strong resurgence of the U.S. office commercial real estate market through 2023. As the unemployment rate declines, more workers return to the office and the economy continues to…»

Remote work continues to dominate renter migration patterns, according to data released this week by Apartment List—particularly in tech-hub markets such as San Jose, Raleigh, and Austin. Dramatic rent increases have hit virtually all corners of the nation in 2021. Nationally, the median rent price is…»