Commercial Real Estate & Business News – December 22, 2020
Phoenix Among List of Top 10 Projected Housing Markets in 2021PHOENIX — Phoenix was projected to have the sixth-best housing market in 2021 with an influx of retirees and millennials flocking to the dry desert heat of Arizona’s capital. According to Realtor.com, the state’s cost of living and vast selection of golf courses are two…» […]
Commercial Real Estate & Business News – December 21, 2020
Bridge Lenders Get Ready to Enter the Recovery FrayEven with vaccines beginning to roll out, 2021 will be an uncertain year in commercial real estate. E-commerce has conventional, brick-and-mortar retail under siege. Many offices and hotels are sitting empty. “In the grand scheme of things, all asset classes are under pressure…» U.S. Sublease Office Space […]
Commercial Real Estate & Business News – December 18, 2020
The Number of Remote Workers Could Double in Five YearsThe number of remote workers in the next five years is expected to be nearly double what it was before Covid-19: By 2025, 36.2 million Americans will be remote, an increase of 16.8 million people from pre-pandemic rates, according to Upwork’s Future Workforce Pulse Report. Hiring […]
Commercial Real Estate & Business News – December 17, 2020
Graycor Completes Panel Tilt at 1.2M SF G303 ProjectThe Southwest Division of Graycor Construction Company has completed its panel tilt at Glendale 303 (G303) Phase I, marking the near-term completion of a Class A industrial development poised to meet the needs of still-surging Phoenix industrial demand…» Net Lease Investors Rush to Allocate CapitalAfter a summer […]
Commercial Real Estate & Business News – December 16, 2020
Vaccine Approval Could Mark a Turning Point in CRE Price DiscoveryInvestors hoping to cash in on a COVID-19 pricing discounts may see opportunities slip away as emergency-use approval of the first vaccine against in the virus was granted to Pfizer and with availability expected to grow as other firms gain approvals in the coming weeks […]
Commercial Real Estate & Business News – December 15, 2020
Commercial Mortgage Delinquencies are RisingProblems in the hotel and lodging sectors are pushing the commercial mortgage delinquency rate up. In November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to lodging…» Top 10 CRE Investment Predictions for 2021By all accounts, […]