Commercial Real Estate & Business News – October 6, 2021

After Arizona supermarket chain Bashas’ announced Oct. 1 that it would agree to an acquisition by a regional grocery company in California, the question that pops out in hindsight is: Why didn’t this happen before? As privately owned entities, both Bashas’ and Raley’s increasingly battled tough challenges in…»
National job growth continued to tick upward in September, according to aggregated payroll data of approximately 350,000 clients provided by Paychex. The data released in the latest report of the Paychex | IHS Markit Small Business Employment Watch shows the Small…»
The Arizona Coyotes still haven’t figured out where the team will be playing home games a year from now, but the team’s front office has fully focused on building its proposed arena in Tempe. Xavier Gutierrez, the Coyotes’ president and CEO, told the Business Journal he is exploring a number of options for an interim…»
Phoenix’s multifamily market remained among the strongest in the country, driven by a diverse economy that continued to exert magnetism even in harsh times. This has led to robust population growth putting pressure on rents, which climbed 2.3 percent on a trailing three-month basis through July, to…»
With all the political squabbling in Washington over infrastructure and expanding the social safety net in Biden’s Build Back Better plan, a political football has turned out to be raising the U.S. debt limit. The debt limit is the amount of money Congress allows the Treasury to borrow to keep the government…»