Commercial Real Estate & Business News – August 20, 2021
5% of Home Sellers Drop Prices in Recent Weeks, Report Shows The share of home sellers with price drops has now passed the 5% mark, according to a new report from Redfin, the technology-powered real estate brokerage. This is the highest level this measure has reached since late 2019 and it is still climbing during […]
Commercial Real Estate & Business News – August 18, 2021
Hines’ Chandler Viridian Development Signs 28,608 SF Lease with Array Technologies Hines, the international real estate firm, has reached an agreement with Array Technologies for a 28,608 square foot lease at its Chandler Viridian office development.Albuquerque-based Array Technologies, which just announced a capital infusion of $500 million from Blackstone, is relocating from its…» Investors Drive […]
Commercial Real Estate & Business News – August 17, 2021
Malls Have Hit Pre-Pandemic Foot Traffic Levels Malls “have essentially fully recovered” to post-pandemic levels, according to a new analysis of the top performing indoor and outdoor shopping centers across the US.Outdoor shopping centers posted a 2.1% increase in monthly visits in July as compared to the same period in…» Optima Sells out Luxury Condo […]
Commercial Real Estate & Business News – August 16, 2021
Census: Phoenix Surpasses Philadelphia for 5th Largest, Diversity Also Increases Maricopa County was one of five counties in the country to add more than 300,000 people between 2010 and 2020, and Phoenix was the fastest-growing large city in the country, increasing its population by 11.2%, according to U.S. Census Bureau data released Thursday.Phoenix, which added…» […]
Commercial Real Estate & Business News – August 13, 2021
U.S. Investment Sales Post Third Highest Q2 on Record U.S. investment volume sales volume rebounded strongly in the second quarter to $130.9 billion—the third highest Q2 volume on record after 2019 and 2007, CBRE said Tuesday, citing Real Capital Analytics data. Volume was up 169.5% from the pandemic-era trough in Q2 2020. Volume increased significantly […]
Commercial Real Estate & Business News – August 12, 2021
Phoenix is No. 1 in Nation for Biggest Apartment Rent Increase According to a new report from RealPage, the leading provider of software and data analytics to the real estate industry, effective asking rents in Phoenix grew 3.4 percent in July, the second largest monthly hike in the nation. That big Phoenix apartment rent monthly […]