Commercial Real Estate & Business News – December 14, 2020
California Investor Buys Apartments Across From a Phoenix CollegeA Pasadena, California-based real estate investment company paid $13 million for University Commons, a 126-unit apartment complex across from Grand Canyon University in Phoenix .Vancouver, British Columbia-based Terra Vista Investments…» Every Type of Investor Is Looking into U.S. Industrial PropertiesDriven by the pandemic, acceleration in online shopping […]
Commercial Real Estate & Business News – December 11, 2020
Investors Rethink Pandemic’s Effects on Retail, Industrial PropertiesThe commercial real estate narrative of 2020 has been that the retail property sector has been battered and abandoned by investors, while industrial has risen to the top. That is still the prevailing sentiment, but one that’s getting re-examined going into next year. Market experts are trying to […]
Commercial Real Estate & Business News – December 10, 2020
Jobs Magnet: Study Ranks Metro Phoenix No. 1 Nationally for Attracting, Retaining WorkersMetro Phoenix has finished at the top — again — in a national study that ranks counties by their ability to attract and retain high-quality workers and other economic-development factors. Maricopa County finished first in the study by labor-analytics firm Emsi, beating…» How […]
Commercial Real Estate & Business News – December 9, 2020
Long, Strange Trip: Arizona’s Recovery Continues at a Slower PaceThe Arizona recovery continued in the third quarter, although at a much slower pace than during the April-June period. The state has received a significant boost from the CARES Act, with just over $40 billion in federal funds flowing to the state in the second quarter. […]
Commercial Real Estate & Business News – December 8, 2020
Smaller Industrial Tenants Are Having an Outsized Impact in PhoenixWhile it is typically the larger, 300,000-square-foot-plus industrial leases that capture headlines, smaller tenants have been accounting for an outsized share of Phoenix’s leasing volume. Industrial leasing in Phoenix accelerated in the second half of 2020…» Apartment Developers Pivot to the SuburbsApartment developers are taking notice […]
Commercial Real Estate & Business News – December 7, 2020
Economy Adds Disappointing 245,000 Jobs in November While COVID-19 Rages Across CountryU.S. employers added a disappointing 245,000 jobs in November amid a surge in COVID-19 cases and more state business constraints as well as the looming halt of extended jobless benefits and other federal lifelines for millions of Americans. The unemployment rate, which is calculated […]