Commercial Real Estate & Business News – January 12, 2021
Vacancy Climbs As Rents Fall Across Asset ClassesApartments, office and retail are all following a similar trend: rising vacancy rates with declining rents. A new report from Moody’s Analytics calls the dynamic “bleak, but not dire,” noting that while most metros are following a similar pattern, most of the declining fundamentals are more moderate…» Buckeye […]
Commercial Real Estate & Business News – January 11, 2021
New Build Will Transform the Phoenix SkylineThe Phoenix skyline is getting an upgrade. Aspirant Development has acquired a two-acre land site in Downtown Phoenix with plans to develop the tallest building in Arizona. Aspirant Development purchased the property from Desert Troon for $9.2 million in an off-market deal…» VanTrust Real Estate Completes Construction on 118,000 […]
Commercial Real Estate & Business News – January 8, 2021
DoorDash Building Trades in Phoenix’s Largest Office Deal of 2020Lincoln Property Co. sold its newly developed Grand2 property. The deal was the largest office transaction in Phoenix last year, and the fifth largest office deal in the US. Grand2 is a 9-story, 358,000-square-foot office building fully leased to San Francisco-based DoorDash. Apex Capital Investments Corp. […]
Commercial Real Estate & Business News – January 7, 2021
Real Estate Industry Outlook 2021For the real estate market, 2021 will be about reinvention. Real estate leaders will be challenged to find responses to COVID-19 and civil unrest threatening their property values. This uncharted territory will first and foremost involve preserving value across each portfolio, keeping…» Multifamily Leaders Concerned about Rent Issues, Economy: SurveyAs the […]
Commercial Real Estate & Business News – January 6, 2021
A KeyBank Executive Assesses the Risks AheadAs Hank Nicholas, national business leader of Project Finance and Affordable Housing Divisions for KeyBank Real Estate Capital, looks at the year ahead, he’s keenly aware of the risks lingering in the market. Whether it is market risks around primary, secondary and tertiary markets…» 41 Acres Sold in Goodyear; […]
Commercial Real Estate & Business News – January 5, 2021
Michael Pollack Looks at Retail Struggles of 2020 and What Lies AheadThe past year has been a struggle for many industries, but no industry was affected more by the COVID-19 pandemic than the retail industry. To get a better view of what the retail market in the Greater Phoenix market endured during 2020 and what […]