| Abandoned Peoria Medical Center Gets New Lease on Life Officials with the city of Peoria have been frustrated by an abandoned construction project on the north side for years. Until now. First Service Medical LLC paid $3.15 million to buy the land that was originally planned to become the first hospital in Peoria nine years ago, according to an announcement…» |
| Net Lease Investors Come Off the Sidelines and Flock to Sure-Bet Deals It should come as no surprise that the COVID-19 pandemic sent the investment market reeling. When the full impact of the crisis was setting in back in the first quarter, all sectors of the net lease market felt the dire pinch. Slowly, however, investors seem to be coming out of hiding and creating some activity…» |
| Amazon Plans to Add 3,000 More Jobs in Arizona Expansion Amazon.com, which already employs more than 17,500 people in Arizona, plans to add another 3,000 permanent jobs in the state as it gears up for what could be a robust holiday shopping season. Amazon, which entered Arizona in 2007 with its first 300 employees, expects to open 11 new buildings…» |
| Rent Payment Struggles Persist in August and September Despite slight improvements across a number of metrics in Apartment List’s rent payment survey data for this month, 29% of Americans failed to pay their housing costs-rent or mortgage-in full during the first week of September, and 8% had not completed their August payments by the end of the month…» |
| Trammell Crow, CBRE Global Investors’ Fund Deliver PHX Facility Trammell Crow Company (TCC) and CBRE U.S. Development Partners 5, a fund sponsored by CBRE Global Investors, completed development of Park Aldea, a 356,000-square-foot industrial project in Phoenix. The four-building facility is located on a 27-acre site at 99th Avenue and Cardinals Way…» |