Daily News- February 11, 2020

Q4 Phoenix Office: Shrinking Vacancies, “Lofty” Absorptions Phoenix’s office market in Q4 2019 showed a great deal of strength, with commercial real estate analysts pointing to positive metrics across vacancy, absorption, rent growth and construction. CBRE focused on strong demand and market fundamentals…»

Construction Set for Abrazo Cave Creek Hospital
Abrazo Health is set to begin construction of a new small-scale community hospital near the intersection of Carefree Highway and Cave Creek Road. Abrazo Cave Creek Hospital will focus on emergency care and surgical services. Expected to open in 2021…»

Revamped Former Phoenix Office Space Signs on 9 Women-owned Retail Businesses
Chantell Nighswonger has operated her boutique, Vida Moulin, at 16th Street and Bethany Home Road for about four years, but as rents in the area began to rise, she and her husband, Kevin Cieszkowski, decided to move the boutique into a building they could own. “I started reaching…»

Flagstaff Benefits from 1st-of-its-kind Public-Private Partnership
Six years ago the Arizona Department of Transportation was facing an impossible task: how to revamp or relocate its 65-year-old Flagstaff headquarters without using any public funding. At the same time, the City of Flagstaff was struggling with the dangerous traffic congestion…»

Will U.S. REITs Feel the Impact of the Coronavirus Outbreak?
As the China-born coronavirus outbreak continues to spread and claim more lives, commercial real estate professionals are pondering how the epidemic might affect publicly-traded U.S. REITs. There’s no firm consensus, so far, about the outbreak’s potential impact on the…»