Commercial Real Estate & Business News – November 9, 2020

Multifamily Investors Plan to Add Value in the Pandemic
Given current market conditions, some apartment investors are looking for a little something extra when they consider buying apartments. They have recently been able to close deals to buy apartment properties, despite the chaos caused the spread of the novel coronavirus. But to make…»
New We-Ko-Pa Casino Resort Opens
On October 29, the new We-Ko-Pa Casino Resort opened its doors, unveiling a contemporary ambiance and visitor-centric experience that raise the bar for Valley casinos. In addition to offering a full complement of slot machines, tables, bingo and gaming amenities, the elegant new casino…»
Topping Out Marks Progress on Hyatt Place Phoenix Downtown
Momentum continues on the future Hyatt Place Phoenix Downtown hotel as developers, Mortenson and Pacific Hospitality Group, took a substantial step in the construction process for the hotel, and recently celebrated the topping out of the building. The 238-room, eight-story hotel broke…»
Regents Approve $115M ASU Sports Arena
Arizona State University sports fans can get ready to cheer. According to multiple reports, an Arizona Board of Regents committee gave final approval of a plan to build a new 5,000-seat ASU sports arena that will be home to the ASU hockey team as well as other sports. Greg Cameron at…»
U.S. Multifamily Starts Fall 16% in September
Multifamily construction starts in the U.S. dropped 16.3 percent in September, following a 25.9 plunge in August, as apartment developers continued to shift their focus away from urban high-rises and demand for single-family homeownership remained elevated, according to a new report by Marcus & Millichap…»