Commercial Real Estate & Business News

In the Short Term, CRE Will Take a Hit. But Real Estate Economists Advise Investors Not to Panic
As the impact from the measures to stem the spread of COVID-19 takes hold of virtually every sector of the U.S. economy, real estate economists are revisiting their predictions for 2020 made at the beginning of the year. Just over two months ago, industry economists…»
Construction Leaders Stress That Work Should Go on Despite Pandemic
Many industries are being hit hard by the effects of the COVID-19 pandemic, with many employees working remotely and businesses like restaurants and bars offering carry-out only. One industry that needs employees on-site is the construction industry, which is still up and running…»
Phoenix Employment Starts the Year Strong; But Coronavirus Headwinds Arise
In the first month of the year, Phoenix employment growth was off to a promising start. But that was before the coronavirus pandemic. Before the black swan event occurred, the economy was on solid footing. Phoenix employment expanded 3.2% over the past 12 months, with the addition of 67,800 jobs…»
Hines Announces New Project In West Valley
Hines, the international real estate firm, together with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), today announced they have closed on the property for the future development of two speculative industrial buildings, each 569,520 square feet in size…»
Coronavirus Crisis: Fannie Mae, Freddie Mac and HUD to Suspend Foreclosures Through April
Mortgage lenders Fannie Mae and Freddie Mac will suspend foreclosures and evictions for at least 60 days as federal and business leaders respond to the growing COVID-19 crisis that will cost people their jobs and likely tip the economy into a recession…»