Commercial Real Estate & Business News – June 3, 2021
California Investor Pays $128 Million for Two Greater Phoenix Apartments Developer P.B. Bell sold two apartment complexes in midtown Phoenix and Glendale, Arizona, to a private California investment firm for $128.2 million, as out-of-state buyers scoop up more Phoenix-area multifamily investment properties. JB Partners, based in…» Lenders Take Note of Hopeful Signs for Office and […]
Commercial Real Estate & Business News – June 2, 2021
Most People Who Moved Last Year Say They Are Better Off By and large, the people who moved during the pandemic have more money in their pocket than they did in early 2020. Seventy-eight percent of surveyed Redfin.com users who moved to a different metro area from March 2020 through March 2021 have the same […]
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 […]