Commercial Real Estate & Business News – October 28, 2020
Developers Start Affordable Housing Project in Downtown Phoenix Opportunity ZoneA Los Angeles investor and a Scottsdale, Arizona-based developer specializing in opportunity zone projects started work on a 235-unit affordable housing project in downtown Phoenix. Pacific Oak Capital Advisors and Defer Gain broke ground on the St. Ambrose apartments at 1155 E. Van Buren St. at […]
Commercial Real Estate & Business News – October 27, 2020
Is Capital Following People to Sunbelt?“We’re seeing actual population shifts,” William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. “I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more densely populated areas to lower…» Phoenix Retail Market Posts Positive Net […]
Commercial Real Estate & Business News – October 26, 2020
Is Capital Following People to Sunbelt?“We’re seeing actual population shifts,” William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. “I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more densely populated areas to lower…» Phoenix Retail Market Posts Positive Net […]
Commercial Real Estate & Business News – October 23, 2020
U.S. Commercial Real Estate Showing First Signs of a Thaw(Bloomberg)-U.S. commercial real estate deals tumbled in the third quarter as Covid-19 continued to hammer the economy, but prices showed signs of improvement, according to Real Capital Analytics Inc. While investment volume fell 57% from a year earlier…» Kennedy Wilson Acquires Tempe MF for Nearly $70MLos […]
Commercial Real Estate & Business News – October 22, 2020
The Restaurant Industry’s Recovery Could Take Longer Than ExpectedIn a sign that the restaurant industry’s recovery will be even more drawn out, last month sales inched up at the slowest pace since the economy began to reopen from the lockdowns. Overall, eating and drinking places registered sales of $55.6 billion on a seasonally-adjusted basis in […]
Commercial Real Estate & Business News – October 21, 2020
Self-Storage Sector Holds Up Amid the PandemicA confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized. Though the majority of properties were still close to fully…» Robot Cooks and […]