Commercial Real Estate & Business News – June 24, 2020
CVS Health Hiring Hundreds in East Valley for New Aetna OperationsCVS Health (NYSE: CVS) intends to hire 500 people at a revamped 101,000-square-foot facility in Chandler. The Rhode Island health care services giant, which acquired Aetna (NYSE AET) in a deal valued at $70 billion in 2018, invested $10 million in new tenant improvements in […]
Commercial Real Estate & Business News – June 23, 2020
South Tempe Town Lake developments Pick Up MomentumDevelopment is ramping up on the south bank of Tempe Town Lake east of Arizona State University, as a mixed-use project called Pier 202 begins early construction work and a nearby build-to-suit office development is marketed to potential office users. The Pier 202 development includes 587…» Final Beam […]
Commercial Real Estate & Business News – June 22, 2020
My View: Arizona, Here’s How We Can Build Our Way to an Economic RecoveryInstitutions in Arizona are doing an excellent job trying to organize themselves to help businesses during the Covid-19 crisis. They are trying their best, helping by providing short term survival support. However, if we look at history, there are signs…» Arizona Unemployment […]
Commercial Real Estate & Business News – June 19, 2020
Heritage Park, a 531K SF Mixed-use development, Coming to Downtown GilbertNot long ago, it would have been difficult to imagine sleepy Downtown Gilbert as home to the retail, restaurant and hospitality options that you find in the area today. As one of the fastest-growing towns in the country, the demand for office, retail, multifamily and […]
Commercial Real Estate & Business News – June 18, 2020
McShane Will Build Luxury Multifamily Residence in ScottsdaleLeon Capital Group has selected McShane Construction Company to provide comprehensive construction services for Kierland Apartments, a 202-unit luxury multi-family community in north Phoenix. McShane is also underway with Soltra at SanTan Village, a 380-unit multi-family development…» Phoenix Spec Office Project Lands $74M in FinancingDouglas Allred Co. has […]
Commercial Real Estate & Business News – June 17, 2020
Future of Investing Goes to Second-Tier Cities and College TownsInvestors and fund managers are seeing that buyers and renters are moving to second or third-tier cities, according to SEI/Prequin’s 2020 Survey of Real Estate Managers and Investors on the future of real estate investment. Just over 60% of investors and just over 40% of fund […]