Commercial Real Estate & Business News – September 2, 2020

Gila River Hotels & Casinos Breaks Ground on $143M Expansion in Chandler
Gila River Hotels & Casinos – Wild Horse Pass broke ground on a $143 million expansion project in Chandler, a move that aligns with the enterprise’s rapid growth in Arizona. Scheduled to open in fall 2021, an 11-story hotel tower will be added to Wild Horse Pass and connect to its existing hotel…»
Strong Purchase Demand Continues to Fuel Valley Home Price Growth
Metro Phoenix continues to top the nation with monthly home price gains with another percentage increase over 9%, according to the latest CoreLogic Home Price Index report issued Tuesday. The Valley recorded 12-month annual home price growth of 9.1% in July, meaning the region is continuing to see…»
More Apartment Tenants Take Longer to Catch Up on Late Rent
Apartment tenants who are missing payments on the first of the month are taking longer to catch up, a sign of financial strain in the pandemic that could affect owners and lenders. The National Multifamily Housing Council, an owners trade group, is tracking rent collection rates at 11.4 million apartments nationwide…»
How COVID-19 Reshaped the Landlord-Tenant Relationship
When I started my career in 2004 as an analyst within the commercial real estate industry, times were good, and the education and training I received was very much in line with the industry norms and standards. In those first three years, tenants were taking on more space than they needed…»
Retailer of the Year: A New Chapter for Albertsons
For supermarket giant Albertsons Cos., the next chapter in the company’s strategic transformation is just beginning. Not long ago, the Boise, Idaho-based grocer had its hands full integrating the $9 billion acquisition of Safeway, which closed in January 2015. During that process, the company…»