Commercial Real Estate & Business News – October 16, 2020

CRE Asset Classes Post Increase in Asking Rates, Pricing In Sept.
The commercial real estate market is showing distinct signs of recovery. In September, asking rents increased by 3.5% across asset classes and price per-square-foot rose by 7%, according to research from CREXi’s national commercial real estate report. The office and retail…»
Emerging Trends 2021: The Changes a Year Can Make
The Urban Land Institute and PwC released the 42nd annual Emerging Trends in Real Estate 2021 report at ULI’s virtual fall conference, which showcases challenges and trends shaping the real estate industry over the next year. The data includes insights from more than…»
Is CRE Ready for the Great American Move to the Suburbs?
For decades, major cities have ruled with real estate growth focused in dense-urban areas conducive to live-work-play lifestyles, public transit and walkability. However, this decades-long urban renaissance may be coming to an end, or at least slowing down. The Emerging…»
Risi Cos. to Develop 238-Unit Crystal Cove Multifamily Community in Avondale, Arizona
Risi Cos. has purchased 9.5 acres of land at 290 La Canada Blvd. in Avondale for $1.3 million, or $136,842 per acre. Earlier this month, Risi received approval to rezone the land from commercial to high-density residential, enabling the company to develop the Crystal Cove…»
Here are the Arizona Restaurants that are Open for Business
Stay-at-home orders have changed the lives of those who live to eat at Arizona restaurants – their refrigerators are filled with something other than styrofoam leftover containers, their dishwashers are being used more than once a week, their home bartending skills are…»