Commercial Real Estate & Business News – May 28, 2021
Retailers’ Q1 Earnings “A Perfect Storm of Strength” U.S. retail earnings for the first quarter are proving to be “a perfect storm of strength,” according to Fitch Ratings. Ongoing tailwinds from government stimulus and discretionary budget savings from reduced services spend combined with “budding enthusiasm over vaccines, re-openings…» Builders Advised to Stock Up On Lumber, […]
Commercial Real Estate & Business News – May 27, 2021
Arizona Ranks No. 9 Among Fastest Growing States in U.S We all know the United States is a big country, but did you know that the total population is over 300 million people? If you counted up all the U.S. residents living within our borders and overseas, the actual 2020 census-tallied total is 331,108,434. But […]
Commercial Real Estate & Business News – May 26, 2021
Restaurant Innovator Sam Fox Announces Highly Anticipated Luxury Hotel in Phoenix One of the industry’s leading restaurateurs and premier hospitality brand developers, Sam Fox, is making his official foray into the luxury hospitality industry with the announcement of his internationally inspired hotel, The Global Ambassador. Where Phoenix, Scottsdale and Paradise Valley converge,…» Developer Starts Arizona’s […]
Commercial Real Estate & Business News – May 25, 2021
Developers Plan an Oasis in a ‘Restaurant Desert’ In southeast Mesa, Eastmark and Cadence developers have successfully turned cactus fields into thousands of high-end homes. But many who moved into the new neighborhoods complain they are stuck in a “restaurant desert.” Ask Peter Martens, an…» Population Growth, Housing Shortage Fuel Hot Self-storage Market in Valley […]
Commercial Real Estate & Business News – May 24, 2021
Target Stores ‘Stars of the Show’ in Blowout Quarter Target Corp. had a record-breaking first quarter as shoppers flocked to its stores and sales of its owned-brands reached an all-time high. “Our performance in the first quarter was outstanding on every measure, and showcased the power of putting…» Macy’s Seeks To Reposition Real Estate on […]
Commercial Real Estate & Business News – May 21, 2021
20 Most-profitable Public Companies in Arizona There is no debating the fact that 2020 was a tough year for business. Jobs were lost. Businesses were shuttered. Some companies were forced to pivot, then pivot again, and then pivot again. Even with the challenges the COVID-19 pandemic presented,…» CityScape Phoenix Is Now 98% Leased as RED […]