Commercial Real Estate & Business News – July 23, 2020
Arizona Student Housing Properties Face Leasing Pressures as Pandemic Prevails into Fall SemesterDespite a new national report that the Covid-19 pandemic could put some student housing properties in dire straits, the two largest universities in Arizona are still seeing a strong interest from students in living on or close to campus. The report from S&P […]
Commercial Real Estate & Business News – July 22, 2020
Restaurant Sales Grew in June, But Remain Below Pre-Pandemic LevelBusiness picked up for the restaurant industry in June, but total sales still fell well below pre-pandemic months, according to an analysis of US Census Bureau data by the National Restaurant Association. Restaurant and food service sales totaled $47.4 billion in June-marking the second straight month…» […]
Commercial Real Estate & Business News – July 21, 2020
The Monday Morning QuarterbackI don’t plan on covering all of the Governor’s COVID-19 related press conferences. But, lastThursday’s was worth a review. The information was very helpful and the advice was not new but was certainly worth repeating. The state is starting to move…» Opening of Mesa Luxury Apartment Project Moved Up to AugustNow that […]
Commercial Real Estate & Business News – July 20, 2020
Old Town Scottsdale’s Newest Hotel Expected to Open in SeptemberFor the first time in more than 10 years, a new-build hotel is set to open in Old Town Scottsdale.The Canopy by Hilton Scottsdale Old Town is expected to open its doors in late September. The seven-story hotel, on the northeast corner of First Street and […]
Commercial Real Estate & Business News – July 17, 2020
Office Markets Are Preparing for the “New Normal”COVID-19 has been a shock to public health and the economy. As the toll of new cases starts to subside in some states, it is becoming clear that “normal life” in the future will be different from our pre-COVID days. Changes to our work routines have been so […]
Commercial Real Estate & Business News – July 16, 2020
Could Construction Lead Arizona’s Post-COVID-19 Economic Comeback?A year that began with so much promise for continued growth in Arizona turned into a year where businesses just wanted to keep their heads above water. The COVID-19 pandemic created a huge wave of uncertainty in the national economy and in many industries, the effects will be felt […]