Commercial Real Estate & Business News – October 30, 2020

Here’s Why Phoenix is Ranked a Top 10 Tech Market
The tech industry’s share of U.S. office-leasing activity in this year’s first half inched down to 20 percent from 21 percent last year, as tech employment has proven resilient during the pandemic, according to CBRE’s annual Tech-30 report. Phoenix scored well in most categories in the report, as office-rent…»
Miami Apartment Developer Makes Phoenix Debut with $500M Investment
Miami-based The Related Group, one of the country’s largest real estate conglomerates, is making its Phoenix debut, with plans to invest $500 million here in new projects. The developer is breaking ground this week on a 286-unit luxury apartment community on a 6.5-acre parcel at 13320 N. Scottsdale…»
Valley Broker Turns Developer, Lands Medical Office for Banner in Chandler
Andy Ogan, a 20-year brokerage veteran who has risen through the ranks of the commercial real estate industry recently launched Unbound Development, a newly formed development company centered around industrial, healthcare, office and retail build-to-suit opportunities in Arizona. Ogan’s new firm…»
Exceptional Healthcare Plans to Open Hospitals Across Arizona
A Texas-based hospital group is making a strong entry into the Arizona marketplace, with a critically needed community hospital coming to Maricopa and other hospitals opening across Arizona in the near future. Exceptional Healthcare is entering Arizona with its first facility in the City of Maricopa…»
Arizona Allocates $7M to Help Renters, Landlords During Pandemic
PHOENIX – Arizona Gov. Doug Ducey has allocated $7 million from the state’s emergency fund to help renters and property owners struggling financially during the COVID-19 pandemic. The distribution includes $5 million to replenish the state’s Rental Property Owner Preservation Fund, which, according…»