Commercial Real Estate & Business News – November 3, 2020

Cost of Living: These 20 Cheap American Cities are Seeing a Boom in Move-ins This Year
Each year, millions of Americans relocate to somewhere else in the country, whether it is for retirement, college, or a new job. Yet 2020 offered some Americans a new reason to move – the COVID-19 pandemic, which was declared a national emergency in mid-March. Many people moved…»
Phoenix Developer Proposes Office, Hotel Towers for Tempe Train Depot Site
The developer behind Block 23 and CityScape in downtown Phoenix is planning the redevelopment of the Macayo’s Depot Cantina in Tempe, to include two towers and what may be the first Valley building to act as a bridge over light rail tracks. Phoenix-based Red Development is planning…»
TheElection and BusinessRelief Efforts: The CPE 100Weigh In
Most executives surveyed by CPE believe that the election will have a positive impact on government programs aimed at providing relief to struggling businesses, the latest CPE 100 Sentiment Survey has found. Sixty percent of executives expect the government to take additional steps…»
Replay Destinations Buys 29.2 Acres Near Phoenician for $65.5 Million
Replay Destinations announced today that it has acquired real estate development parcels at The Phoenician, a Luxury Collection Resort in Scottsdale, Arizona. The planned private residential community will sit at the foot of Camelback Mountain, overlooking the Phoenician Golf Club…»
Who Missed Out on That Big Rebound in GDP
It’s the first week in November, and of course we’re writing about what everyone is talking about. The third quarter gross domestic product print. We had hoped this would finally be the quarter that would break the media’s awful habit of reporting GDP as a quarter-over-quarter annualized…»