Commercial Real Estate & Business News – April 25, 2022
Retail Sector Maintaining Positive Momentum Heading Into Second Quarter The retail sector continued its positive momentum in the first quarter as retail sales have accelerated briskly since mid-2020, thanks to the significant increase in disposable income resulting from pandemic-related government transfers and strong wage gains…» Office Investments Heat Up in Greater Phoenix Some 941,913 square […]
Commercial Real Estate & Business News – April 22, 2022
Tech Billionaire Buys CrackerJax in Scottsdale, Plans to Build ‘Mixed-Use Campus’ After years of rumors and proposals, the nearly 28 acres that are home to CrackerJax amusement park in Scottsdale has finally sold. Billionaire George Kurtz, the co-founder and CEO of cybersecurity company CrowdStrike, and one of the…» Building a Greener Phoenix Phoenix is widely […]
Commercial Real Estate & Business News – April 21, 2022
Overall Retail Sales Inch up in March amid Inflation; Online Takes Hit Nearly nine of 10 consumers say they will be buying more at brick-and-mortar this year—though they expect stores to incorporate the benefits they’ve become used to online. Chase Design, a category growth firm that…» Sam Zell Says the Great Resignation Is Really the […]
Commercial Real Estate & Business News – April 20, 2022
Overall Retail Sales Inch up in March amid Inflation; Online Takes Hit Consumers kept spending in March despite record-level inflation, supply chain issues and geopolitical unrest. Retail sales in March unchanged seasonally adjusted from February but up 4% year-over-year. In February, sales were down…» Multifamily Investors Eye New Challenges After Banner Growth The multifamily market […]
Commercial Real Estate & Business News – April 19, 2022
Small Rural Community in Maricopa County Slated for Industrial Growth A small area on the outskirts of the Valley could see massive industrial growth in the coming years. A 1,314-acre master-planned development comprised of state trust and privately owned land in Tonopah, a rural community located…» Work Begins on Massive Mixed-Use Development in Downtown Phoenix […]
Commercial Real Estate & Business News – April 18, 2022
Press Coffee to Open New Location in Scottsdale Next Month PHOENIX — Press Coffee announced Tuesday it plans to open a new location in Scottsdale next month. The specialty coffee shop is set to begin brewing on May 13 at its 1,300 square-foot space in the…» Phoenix Rental Prices Soar by 29% in 2 Years […]