Commercial Real Estate & Business News – October 18, 2021

Although consumers are no longer engaging in the bulk shopping of the early pandemic, when center store products like household goods, paper products and shelf-stable grocery items were in high demand, current shopping behaviors still reflect the surge in home cooking and eating that originated with COVID lockdowns and…»

Arizona has recovered nearly all of the jobs lost during the height of the COVID-19 pandemic. Some parts of the state, specifically the Phoenix area and Pinal County exurbs, recorded 297,000 more employees than they had last April.For the second month in a row, Arizona leads the nation in small business job creation…»

Despite some looming challenges, especially housing affordability, in Phoenix, economic experts presenting at the Greater Phoenix Chamber’s annual Economic Outlook agreed the future for both the state and country is positive.Elliott Pollack, founder of Scottsdale-based Elliott D. Pollack & Co., said both rental housing…»

Best Buy is betting that a good deal of health care in the future will be based in the home.The consumer electronics giant said that it has entered into an agreement to acquire Current Health, a U.K. care-at-home technology platform that brings together remote patient monitoring, telehealth and patient engagement into a…»

Shoppers intend to make up for lost time with increased spending this holiday season, and that’s expected to buoy retailers’ foot traffic. JLL’s annual holiday survey results show consumers plan to spend 25.4% more this year, an average of $870 per person on all holiday-related purchases, comparable with…»