Commercial Real Estate & Business News – November 2, 2020

Tempe a Top Nationwide Submarket for Tech Companies, Report Says
When it comes to office space suited for technology companies, both in the Valley and compared to most submarkets nationwide, Tempe remains king. The city just east of Phoenix ranked fourth among submarkets nationwide for net absorption growth between the second quarter…»
Here’s What Real Estate Players Say the Future of Work Looks Like
The first global report to look at the impact of the Future of Work on real estate and cities over the next three to five years foresees a strong focus on flexibility, demanded by both workers and corporates, not only relating to the work activity but also the space and location…»
Sky Plus Phoenix-Mesa Gateway Hotel Breaks Ground in Mesa
Sky Plus Hotels, an affiliate of SkyBridge Arizona, today announced the development of a new dual brand Wingate/Hawthorn Suites hotel at Phoenix-Mesa Gateway Airport, located on Sossaman in proximity to terminal operations. Located on the airport grounds and near ASU’s Polytechnic…»
Starbucks Q4 Earnings Top Estimates as Sales Rebound; Sees Return to Growth in 2021
Starbucks Corp. reported better-than-expected fourth-quarter earnings results and same-store sales as customers start to return to its cafes faster than expected. But the pandemic still took a big bite out of sales. The coffee giant said it lost $1.2 billion in sales during the fourth…»
Here Are The Top 15 Cities Where Gen Z Wants to Buy a Home
Gen Zers are finally starting to break into the housing market. According to TransUnion, Gen Z mortgage originations jumped 84% at the end of last year, and if recent survey data from Freddie Mac rings true, those numbers should grow substantially over the coming years…»