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 […]
Commercial Real Estate & Business News – November 13, 2020
Boosted by the pandemic, positive industrial real estate fundamentals are driving asset values to record highs, particularly “last mile” properties in core urban markets. And investors of all types are competing hard to pounce on the limited number of available deals. “A range of institutional investors…» Apartment Construction Suffers in a Single-Family Housing Boom, Report […]
Commercial Real Estate & Business News – November 12, 2020
Phoenix Industrial Market Fueled by PandemicThe Phoenix industrial market has surged during the pandemic, according to a new report from Colliers International. In the third quarter, industrial absorption was 2.5 million square feet in Phoenix. The activity is driven by increased ecommerce spending, which has fueled national growth in the sector. This is the sixth…» […]