Commercial Real Estate & Business News – August 19, 2020
Report: Metro Phoenix Will See a 37% Drop in Apartment ConstructionNationwide, multifamily construction is in its second consecutive year of decline after peaking in 2018. This year, an estimated 283,000 new units are expected to hit the market, 12% less than in 2019. Here are the highlights for Phoenix Metro: Phoenix Metro area is set […]
Commercial Real Estate & Business News – August 18, 2020
Despite a Steep Drop in Volume, Industrial Remains the Shining Star of the CRE UniverseThe industrial sector has been deemed one of the top performing commercial real estate asset classes, due to low vacancy rates, rising rents in some markets and positive net absorption. But despite solid fundamentals, investment sales volume in the sector…» Multifamily […]
Commercial Real Estate & Business News – August 17, 2020
EOS Fitness Reopening After Reaching Agreement with AZDHS, DuceyPHOENIX – EOS Fitness announced they will reopen Arizona locations starting Saturday at 8 a.m. for workouts by reservation. In an e-mail to members, EOS Fitness’ CEO Rich Drengberg said they came to a reopening agreement with Gov. Ducey and the Arizona Department of…» Commercial Real Estate […]
Commercial Real Estate & Business News – August 13, 2020
Watch the Entire 2020 AZRE Forum HereHere are all three parts of the three-part video series that make up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The three panels of industry leaders discuss…» Luxury Apartment Community The […]
Commercial Real Estate & Business News – August 12, 2020
MOB Sales Fell by Nearly 50 Percent in the Second Quarter, But the Sector’s Outlook Is StrongInvestment sales volumes in the medical office buildings (MOB) sector have dipped and cap rates have flattened in recent month, but the sector seems to be bouncing back. The volume of MOB investment sales transactions in the second quarter…» […]
Commercial Real Estate & Business News – August 11, 2020
Americans are Sitting on Record Cash Savings Amid Pandemic and Uncertain EconomyWhile millions of people could lose most or all of the $600 bonus in their weekly unemployment benefits, threatening to slow consumer spending and the nation’s economic recovery, one thing could help cushion the blow: Americans have been saving lots of money…» Scottsdale Tops […]