Commercial Real Estate & Business News – August 11, 2021
U.S. Industrial Posts Absorption of 100M+ SF for Third Straight Quarter U.S. industrial continues to prosper during the pandemic, posting 102.2 million square feet of positive net absorption for the third consecutive quarter, according to Transwestern’s second-quarter U.S. industrial market report. Markets leading net absorption in both Q2 and year over year include…» West Valley Sees Most Industrial […]
Commercial Real Estate & Business News – August 10, 2021
Mastercard: In-Store Sales Rebound in July, Exceeding Pre-Pandemic Levels Retail sales in July got a big boost from the Child Tax Credit and pent-up consumer demand, posting their 11th consecutive month of growth. That’s according to Mastercard SpendingPulse, which reported that U.S. retail sales (excluding auto and gasoline) rose 10.9% in…» CRE Loan Delinquencies Reach […]
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 […]