Commercial Real Estate & Business News – September 18, 2020

Absence Makes the Heart Grow Fonder for Working in the Office
With concerns about COVID-19 still lingering in the Phoenix metropolitan area, many workplaces have yet to welcome their employees back to the office. How productive employees are while working remotely is a mixed bag. Some love it, some hate it, and most are just trying to make the most of a bad…»
Phoenix Rises as US Construction Starts Plummet
While commercial and multifamily construction activity plummeted in the first half of 2020, one major metro area was spared. Starts in the top 20 metropolitan areas posted a decline of 22% through the first six months of 2020 compared to the same period a year ago, according to Dodge Data and Analytics…»
Disinfectant Wipe Company to Move Manufacturing Back to Phoenix
A company that makes disposable disinfectant wipes, a hot commodity during the coronavirus pandemic, plans to return its manufacturing to greater Phoenix for the first time in a decade after leasing a building in Gilbert, Arizona. GPMI Co. leased an 85,000-square-foot industrial building at 190 S. McQueen Road…»
Crestline Tapped to Manage Hyatt Hotels in Phoenix
Crestline Hotels & Resorts has begun managing operations at Hyatt Place and Hyatt House, a newly built, dual-branded hotel property on the Arizona State University campus in Tempe, Ariz. The property is the first dual-branded Hyatt hotel in the local market and the first hospitality offering in the ASU…»
Fundamental Income’s Net Lease Platform Completes First Deal
PHOENIX, AZ – Phoenix-based, net lease real estate platform, Fundamental Income has acquired a 75-acre facility in Tolleson, AZ, from the e-commerce platform, Carvana, in a $50 million transaction. The acquisition represents Fundamental Income’s first deal on its $500 million net lease platform, backed…»