Commercial Real Estate & Business News – November 25, 2020

I hope you have a Happy Thanksgiving!

‘Sigh of Relief’ for Markets on Janet Yellen News: Wall Street Reacts
News that Joe Biden will nominate Janet Yellen to be Treasury Secretary landed gently on Wall Street. What’s moving markets Traders intensely familiar with the former Federal Reserve chair cheered the pick in anticipation of her working well with the central bank to help the economy bounce back from the pandemic…»
Christmas 2020: Shoppers Expected to Spend More but COVID-19 Remains the Wild Card
Retailers expect a robust holiday shopping season this year, buoyed by a strong housing market, increased savings, and cheaper gas – though the uncertainties of the coronavirus could put a chill on buying. From the start of November through the end of the year, sales are forecast to grow between 3.6%…»
Here is Arizona’s Post-pandemic Economic Recovery Forecast
Arizona’s economy is recovering at a much faster pace than predicted at the height of COVID-19. While there are potential setbacks on the horizon, the economic outlook ahead looks surprisingly bright, state and national economists and budget analysts said Thursday at the annual conference of the nonprofit…»
Joint Venture of PCCP, LLC and F&B Capital Acquires District at Chandler
A joint venture of PCCP and F&B Capital has acquired District at Chandler, a newly developed, 340-unit Class A multifamily asset located at 2222 West Frye Road in Chandler, AZ. The District at Chandler is a newly built, elevator served multifamily project that is located one-mile from the Loop 101 and 202 freeways…»
Investors Targeting Distressed Assets Work to Get “Dry Powder” Off the Sidelines
Turnbull Capital Group is one player in an increasingly crowded field of capital jockeying for opportunity to take advantage of potential distress that may emerge in the commercial real estate market in the wake of the pandemic. Over the past nine months, the commercial real estate investment banking…»