Commercial Real Estate & Business News – July 15, 2020
Arizona’s Economy: The Recovery Begins?There is still a huge amount of uncertainty about the future of the outbreak and the economic impacts associated with it. The baseline forecast assumes that the current surge in the spread of the coronavirus is contained quickly and that there is no major resurgence in the fall. As a result, […]
Commercial Real Estate & Business News – July 14, 2020
Valley Commercial Real Estate Execs’ Outlook Improved in June, Studies ShowThe Covid-19 pandemic put a damper on almost every sector of commercial real estate during the second quarter, but sentiments of industry executives are becoming more positive, according to surveys done by commercial real estate groups. Nationwide, a survey conducted in June by industry group…» […]
Commercial Real Estate & Business News – July 13, 2020
5 New Developments Coming to the West ValleyThe West Valley leads the way in land sales in the Phoenix Metro area. With an ever-growing entertainment district, high-performing schools, private utility companies and an expanding infrastructure, the West Valley is an attractive territory for homebuilders and developers and new…» Fairfield Residential Buys Apartment Complex in Tempe, […]
Commercial Real Estate & Business News – July 10, 2020
Costco Sees Stronger Sales Growth in JuneNet and comparable sales growth topped 11% at Costco Wholesale in June, fueled in part by the ongoing coronavirus crisis. For the five weeks ended July 5, net sales came in at $16.18 billion, up 11.1% from $14.57 billion a year earlier, Costco reported after the market…» U.S. May […]
Commercial Real Estate & Business News – July 9, 2020
The Office Is Not Dead-Just Evolving-and Definitely Here to StayThe current unprecedented pandemic has impacted many facets of the real estate landscape, and the office sector will be no exception. The severity and direction of these implications will vary based on the time horizon (short-, medium-, or long-term)…» Phoenix Office Market Virtually Unchanged in Second […]
Commercial Real Estate & Business News – July 8, 2020
These 9 Arizona Cities Among Top 20 in U.S. Bouncing Back MostThe latest jobs report shows the national unemployment rate at 13.3%, which is below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on the Cities Whose Unemployment Rates […]