Commercial Real Estate & Business News – August 9, 2021
Job Growth Continues as 943,000 Added in July Even with the delta variant of the coronavirus spreading through the country, July’s job report was surprisingly positive. On Friday, the U.S. Labor Department announced 943,000 new jobs were added last month, jumping past the expected totals of 865,000. That’s up from 938,000 that were…» Costco Sales Surge in July […]
Commercial Real Estate & Business News – August 6, 2021
National Industrial Report – July 2021 The industrial sector is going strong according to the latest CommercialEdge National Industrial report. There were $23.3 billion in industrial sales recorded in the first two quarters of 2021. CommercialEdge believes this has put the year on track to meet or exceed the $45.0 billion in…» National Retail Landlord […]
Commercial Real Estate & Business News – August 5, 2021
Kimco, Weingarten Shareholders Give Final Okay to $12B Merger Shareholders of Kimco Realty Corp. and Weingarten Realty Investors approved the previously announced merger of the two shopping center REITs. The deal, which closed on Tuesday, creates a company with a pro forma equity market capitalization of…» Top 5 Office Transactions in Phoenix A highly skilled workforce […]
Commercial Real Estate & Business News – August 4, 2021
15 Downtown Phoenix Construction Projects to Watch The skyline of Downtown Phoenix is constantly evolving. Stand on any corner and you’ll likely see a construction project in progress. Here are 15 Downtown Phoenix construction projects that are currently in progress and will likely change the way we live, work, and play in the city…» The […]
Commercial Real Estate & Business News – August 2, 2021
Phoenix Employment Edges Higher in June, and Industrial Prospecting Activity Indicates Future Job Growth While Phoenix employment typically contracts during the summer months, payrolls in the market expanded by 5,200 jobs, according to the latest data from the Bureau of Labor Statistics. The monthly job gain is up from the 2,400 jobs that were added […]
Commercial Real Estate & Business News – July 30, 2021
Muted Distress in CMBS Loans Lets Investors Put COVID-19 in Their Rearview Mirrors The recovery from pandemic disruption in the commercial real estate market has advanced more rapidly than industry experts expected and is gaining speed even as variants of COVID-19 loom as a potential threat. The amount of property distress is fading much faster […]