Commercial Real Estate & Business News – October 14, 2020

Economy is Bouncing Back Ahead of Schedule, Says Wells Fargo Economist at InterFace Event
Just a few months after getting hammered by a pandemic-induced recession, the U.S. economy is rebounding faster than anticipated, according to Mark Vitner, managing director and senior economist with Well Fargo Securities. During his keynote address to kick off the 11th annual InterFace…»
Is CRE’s Rebound Gaining Traction?
When COVID-19 hit the US, it triggered an unprecedented lockdown, unabated mixed-to-grim forecasts, and delayed many commercial real estate projects. Those concerns may be easing, according to SIOR’s monthly Snapshot Sentiment Survey. reached out to…»
ULI Arizona Event Explores What Drives Metro Growth
ULI Arizona is hosting an event that will examine what factors have led the Phoenix Metropolitan area to become one of the fastest growing economic centers in the nation and what factors will be crucial as the Valley moves forward. IMPACT Arizona: Past and Future Metropolitan Drivers will…»
Cortland Snags Luxe Property in Phoenix’s Priciest Apartment Deal of the Year
Apartment investor Cortland has paid $117 million for a new amenity-rich, luxury property in what has become Phoenix’s largest multifamily sale of the year, a sign of increasing demand for the region where local rental growth has led the nation for the past two years. Cortland bought the…»
The Fed Still Has a Powder Keg at Its Disposal: Brian Chappatta
The Wall Street Journal’s editorial board published a column last week titled “The Fiscal Federal Reserve,” which admonished Chair Jerome Powell for imploring the U.S. Congress to do more to aid out-of-work Americans, struggling small businesses and strapped state and local…»