Commercial Real Estate & Business News – September 20, 2021

Business travel revenue will not likely hit pre-pandemic levels until 2024, with New York City, Washington DC, and San Francisco among the markets with the longest recovery ahead.A new report from the American Hotel & Lodging Association and Kalibri Labs predicts the hotel industry will end this year down more than…»

Glendale City Council has approved partnering with a local developer to start the design process for its proposed office-anchored mixed-use development near State Farm Stadium.The city will pay Plaza Cos. $176,900 for its services between two agreements approved on Sept. 14, which are the first of several the city said it’s drafting for…»

Anyone searching for a home today knows full well the pickings are slim. The supply of U.S. homes for sale is near a record low, and the gap between supply and demand is widening.The U.S. is short 5.24 million homes, an increase of 1.4 million from the 2019 gap of 3.84 million, according to new research from Realtor.com.The U.S. Census found…»

The EV (electric/hybrid vehicle) technology industry is an increasingly powerful one in the U.S, with sales of electric vehicles growing faster than those of standard cars during the first half of 2021.. A new, massive infrastructure bill would also devote significant funds to the creation of EV charging stations, and..»

Arizona’s employment totals continue to rebound from the COVID-19 outbreak, with Gov. Doug Ducey on Thursday proclaiming that all private-sector jobs were recovered.But that’s not the whole picture. The state’s job totals including government positions still haven’t rebounded fully from before the pandemic emerged as a…»