Commercial Real Estate & Business News – September 23, 2020
Hotel Developers Continue to Open New Sites Despite Brutal Market ConditionsDespite the well-documented plummet in demand for hotel rooms that has only partially recovered from the lows at the height of worldwide COVID-19 precipitated lockdowns, developers are continuing to bring new projects online. It’s a difficult time to operate any hotel…» Praedium Shows Faith in […]
Commercial Real Estate & Business News – September 22, 2020
Adjustments in Pricing Lag a Decline in Property ValuesOne thing that buyers and sellers can agree on these days is that there has been a reset in property values across many sectors and geographic markets. Yet the sticking point that continues to stall transactions is determining exactly how much of a discount should be applied…» […]
Commercial Real Estate & Business News – September 21, 2020
Arizonans Could be Surfing in Mesa if a Proposed Development Moves ForwardArizona surfers could avoid the drive to California and flock to Mesa if a planned development comes to fruition with a two-acre wave lagoon. A southern California transplant living in Gilbert is behind the project planned at the southeast corner of Warner and Power […]
Commercial Real Estate & Business News – September 18, 2020
Absence Makes the Heart Grow Fonder for Working in the OfficeWith concerns about COVID-19 still lingering in the Phoenix metropolitan area, many workplaces have yet to welcome their employees back to the office. How productive employees are while working remotely is a mixed bag. Some love it, some hate it, and most are just trying […]
Commercial Real Estate & Business News – September 17, 2020
Maracay Homes Closes on Another 140 Acres in Gilbert Next to Fast-selling CommunityScottsdale-based Maracay Homes has added 140 acres to its Waterston community in Gilbert, where the Scottsdale-based homebuilder just sold its 100th home in four months. Another 150 acres are under contract, which would bring 1,400 homes within the Waterston master-planned community, said Andy…» […]
Commercial Real Estate & Business News – September 16, 2020
Abandoned Peoria Medical Center Gets New Lease on LifeOfficials with the city of Peoria have been frustrated by an abandoned construction project on the north side for years. Until now. First Service Medical LLC paid $3.15 million to buy the land that was originally planned to become the first hospital in Peoria nine years ago, […]