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 […]
Commercial Real Estate & Business News – May 20, 2021
Here’s Where Phoenix Ranks Among Best Places to Invest in Real Estate As we move deeper into 2021, the U.S. commercial real estate (CRE) market is poised to move beyond its trough of 2020 and enter a new cycle of growth. Thanks to a reported 3.8% increase in GDP and the mass distribution of COVID-19 […]
Commercial Real Estate & Business News – May 19, 2021
Investor Activity Will Further Compress Cap Rates This Quarter Cap rates for highly desirable assets have compressed as the COVID-19 pandemic winds to a close, as limited supply and investor optimism drives up prices in certain regions of the US. Despite contracting yields, the margins for well-positioned assets remain wide when compared…» Walmart Blows Past […]
Commercial Real Estate & Business News – May 18, 2021
Hiring frenzy: Thousands of jobs are open in the Valley; governor hopes bonus plan will spur applications With Arizona companies grappling with thousands of open jobs that they can’t fill, Gov. Doug Ducey announced this week that the state will offer a $2,000 bonus to get residents back to work. As part of the new […]
Commercial Real Estate & Business News – May 17, 2021
First-Quarter Loans Dip, but Industry Sees Improved Outlook Commercial and multifamily mortgage loan originations decreased 14% in the first quarter compared to the same time last year, according to the Mortgage Bankers Association. Not surprisingly, the dip reflects a hangover from the pandemic that disrupted markets most of last year, with struggling hospitality and retail…» […]