Commercial Real Estate & Business News – October 1, 2020
8 Arizona Cities Among Top 20 for Bouncing Back MostThe employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, […]
Commercial Real Estate & Business News – September 30, 2020
Phoenix Home Prices ‘Grow Without Restriction,’ Lead Nation AgainPhoenix continues to set a blistering pace for year-over-year gains in home price growth on the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. While the national price increase was 4.8% in July, up 4.3% from the previous month, Phoenix doubled that growth with a 9.2% […]
Commercial Real Estate & Business News – September 29, 2020
Tempe Town Lake Office Building Completed; Key Tenants Lined UpConstruction on the fifth phase of Rio 2100 – a class A office complex in a mixed-used development south of Tempe Town Lake – is now complete. The 170,680-square-foot office building totals four stories and includes a two-story parking facility. The fourth floor has already been […]
Commercial Real Estate & Business News – September 28, 2020
Valley Homebuilders Can’t Build Fast Enough; Sales Up in August Compared to a Year AgoLocal analysts see a bright future for the Phoenix housing market, as August turned out to be a solid month for new home construction. In August, homebuilders closed 2,107 sales, up 9.11% from the same month a year earlier. They pulled […]
Commercial Real Estate & Business News – September 25, 2020
5 Valley Cities Among Top 25 Real Estate Markets in U.S.Gilbert resident Nadia Saco bought the home of her dreams this August. But landing it, she said, was a “nightmare” in the current real estate market. Saco, 32, and her husband, who spent a year and a half looking for a larger home for their […]
Commercial Real Estate & Business News – September 24, 2020
More Apartments are Coming to Downtown Phoenix. This Time, They’re AffordableDespite the fact that 4,000 apartments units are under construction and even more are in the pipeline in downtown Phoenix, Michael Lafferty says the $29 million project he’s building is absolutely necessary. The founder of Phoenix-based Lafferty Construction Co. has started…» Pandemic Creates Surging Demand […]