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Commercial Real Estate & Business News – October 27, 2020

Is Capital Following People to Sunbelt?
“We’re seeing actual population shifts,” William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. “I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more densely populated areas to lower…»
Phoenix Retail Market Posts Positive Net Absorption in 3rd Quarter
The Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic, according to a Colliers International report. Vacancy rose slightly during the quarter to 7.7 percent as the city was recognized for comparatively…»
Chandler Factory Revamps for 5G Cellphone Growth With $100M in Upgrades
As 5G communication ramps up with the new Apple iPhone 12 and other next-generation cellular devices, a Chandler factory stands ready. NXP Semiconductors this week received a green light to start shipping its first components from an advanced Gallium nitride factory…»
Amazon Prime Day Drove Brick-and-Mortar Business Too
Amazon’s Prime Day benefits brick-and-mortar retail as well, a new study shows. This year, Prime Day-October 13 and 14-drove offline visits, according to data from Placer.ai. The activity illustrates how general excitement around a retail event can benefit sales…»
MARICOPA’S COMEBACK
El Dorado Holdings Inc. has big revival plans for the city of Maricopa, where the Scottsdale-based developer is rolling out a $1 billion, 1,500-acre residential project. Called Eagle Shadow, this new master-planned community is a feather in the cap of the developer that entitled the vast majority…»