Commercial Real Estate & Business News – September 23, 2021

Single-family rentals continue to be one of the highest performing housing sectors for rent growth, according to the CoreLogic Single-Family Rent Index (SFRI). Single-family year-over-year rent growth reached a 16.5-year high in July 2021 as the increase in US single-family rents were up 8.5%, or nearly five times the July 2020, according to…»

Historically, when the conversation centers around summer blockbusters, it’s in reference to hit movies. But this season, the stars of the show have been the blockbuster commercial real estate deals that created more heat than the Phoenix summer. According to the commercial real estate tracking website Vizzda, there were at least…»

The emergence of the COVID-19 virus in Arizona 18 months ago dramatically transformed almost every aspect of life and work. Retail and restaurants closed their doors, some permanently, and offices emptied as staffers pivoted to at-home employment. One thing the pandemic couldn’t stop, however, was Arizona’s commercial…»

Renter demand for single-family housing has soared during the pandemic, but the profile of a renter in this segment looks a lot different than renters in the apartment market, according to Dori Nolan, SVP of national client services at Berkadia.To start, single-family renters have a high education than renters in the apartment space…»

Sam Fox could have easily slowed down after selling his well-known Valley company, Fox Restaurant Concepts, to The Cheesecake Factory in 2019 for more than $350 million. But he says he’s working harder than ever.Fox has stayed in the top job at FRC, which is still based in Phoenix, and he continues to work with Cheesecake Factory on…»