Commercial Real Estate & Business News – August 27, 2020
New Developer Throws Vision for South Phoenix Cultural Plaza into LimboThe banks of the Salt River were once a dumping ground for trash and abandoned vehicles. Now, they’re blooming with restored riparian habitats and plans for community and recreation spaces. One of these spaces – 83 acres between Seventh and Central avenues owned by CEMEX…» […]
Commercial Real Estate & Business News – August 26, 2020
Home Price Index Hits New High in June; Phoenix Growth Still off the ChartsOnce again, Phoenix is No. 1 in the nation in home price growth, with year-over-year price increases of 9% in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Phoenix price growth far outdistances the next two […]
Commercial Real Estate & Business News – August 25, 2020
Office Pricing Gets Murkier Waiting for RecoveryOffice properties are performing better than one might expect during the pandemic thanks to attractive locations, diverse tenant bases, and long-term lease structures. However, all that is set to change unless there is a “full and soon” recovery in the greater economy. In the meantime, price discovery…» Data Center […]
Commercial Real Estate & Business News – August 24, 2020
Will COVID Shake Loose Large Portfolios?As the economic ramifications of the COVID shutdowns start hitting large property owners, Michael T. Fay, principal, managing director and global head of Avison Young’s asset resolution team, wonders if bigger deals are on the horizon. “I think we’re going to see some…» Single-family Rental Market to be Undersupplied Over […]
Commercial Real Estate & Business News – August 21, 2020
Pandemic Disruption Cuts Commercial Real Estate Borrowing in HalfIn a measure of how much COVID-19 has affected commercial real estate, mortgage loan origination fell 48% in the second quarter from a year earlier, according to a new report from the Mortgage Bankers Association. The primary damage came in the initial few weeks after the outbreak…» […]
Commercial Real Estate & Business News – August 20, 2020
Amazon Confirms 11 New Metro Phoenix Sites Opening This YearAmazon.Com Inc. confirmed Wednesday that it plans to open 11 new sites in the Valley by the end of the year for fulfillment and delivery operations. The new sites include seven delivery stations and two additional facilities to support fulfillment, in Avondale, Chandler, Goodyear, Mesa…» Arcadia […]