Commercial Real Estate & Business News – November 24, 2020
Largest Build To Rent Housing Community in Nation Sells in PhoenixApartment demand in the third quarter approached a record-high in Phoenix, and rent growth is outstripping the national average. But early indicators suggest the strong performance may start to soften. Thousands of luxury apartments are underway, the state’s eviction moratorium has expired and rental…» The […]
Commercial Real Estate & Business News – November 23, 2020
Phoenix Suburbs Are Thriving As Urban Apartments Play Catch-UpApartment demand in the third quarter approached a record-high in Phoenix, and rent growth is outstripping the national average. But early indicators suggest the strong performance may start to soften. Thousands of luxury apartments are underway, the state’s eviction moratorium has expired and rental…» A Look Inside […]
Commercial Real Estate & Business News – November 20, 2020
TSMC Wins Approval From Phoenix for $12 Billion Chip PlantCity officials in Phoenix, Arizona approved a slate of financial incentives and government support for Taiwan Semiconductor Manufacturing Co.’s planned $12 billion chip plant, a step toward bringing high-tech manufacturing to the U.S. and addressing national…» Westcore Breaks Ground on 3-building Industrial Park in AvondaleWestcore, a […]
Commercial Real Estate & Business News – November 19, 2020
Amazon’s Online Pharmacy Targets Popular Net Lease SegmentThrough the pandemic, pharmacies have been an e-commerce resistant segment of the real estate market. But that could be changing with a new announcement from Amazon. The e-commerce giant announced the launch of a new store, called Amazon Pharmacy, which will allow customers to complete…» Phoenix Proves ‘Most […]
Commercial Real Estate & Business News – November 18, 2020
Family Offices Weigh Options for Optimizing CRE AllocationsFamily offices have long viewed commercial real estate as an attractive asset class. Some invest in real estate as part of a diversification strategy. Others focus on it as a core discipline. Regardless, of where it fits in their portfolios, these investors are actively assessing how COVID-19 is […]
Commercial Real Estate & Business News – November 17, 2020
Apartment Investors Mull Opportunities in Distressed MallsApartment dealmakers may find an opportunity to build new apartments around the shells of under-performing or empty regional malls. Hundreds of troubled shopping malls may be seized by lenders over the next year, experts say. “In the current market with the pandemic, the number of properties…» Downtown Phoenix, Tempe […]