Commercial Real Estate & Business News – February 25, 2021
Mullin360 Will Turn Old Sam’s Club into Casa Grande Auto Park An old shopping center site is getting new life in Casa Grande, as a new auto park from Mullin360 is poised to bring more jobs and tax revenues to the community. It’s yet another example of the major improvements and expansions happening in south […]
Commercial Real Estate & Business News – February 24, 2021
Cushman Says Esports Arenas, Hospitals Could Be Future of Vacated Malls To see the future of U.S. malls and shopping centers, go no further than the Cary Towne Center in North Carolina. The former site of retailers Dillard’s, Foot Locker and The Children’s Place will soon be the headquarters of Fortnite video game maker Epic […]
Commercial Real Estate & Business News – February 23, 2021
5 Hottest Real Estate Markets in Arizona The U.S. housing market has weathered a challenging 2020. Unprecedented events such as a global pandemic and a tumultuous presidential election have fueled a period of economic uncertainty. However, despite these challenges, recent research shows that Arizona’s real estate market will see an 8.2%…» Rents Increased In Metro Phoenix […]
Commercial Real Estate & Business News – February 19, 2021
Phoenix Ranks No. 6 Among Hottest Multifamily Markets New research shows that Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade. Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates. The latest…» Phoenix […]
Commercial Real Estate & Business News – February 10, 2021
Why US Office Demand Is Likely to Slump 15% Post-Pandemic Green Street has encapsulated two major trends driving the office sector right now to provide a tangible (and grim) number for office demand post-COVID: -15%.COVID-19 has wrought a slew of changes to the sector, with social distancing stabilizing densification, or less square feet per worker, […]
Commercial Real Estate & Business News – February 9, 2021
New Residents Push Up Metro Phoenix Home Prices, Rents Neither COVID-19 nor the big job losses tied to it are slowing rising housing costs in metro Phoenix. The median home price is poised to hit a new record, and rents climbed faster here than in many other big U.S. cities in 2020. Home prices and […]