Commercial Real Estate & Business News – June 4, 2020
1st Non-Gaming Caesars Hotel Begins Construction in ScottsdaleThe coronavirus pandemic has boosted the business of drive-thru, quick-service restaurants, but sit-down eateries have started falling out of investors’ favor, according to two brokerage firms that specialize in the sector. In the first quarter, the national capitalization rate for single-tenant casual dining properties…» Restaurants Face a Challenge […]
Commercial Real Estate & Business News – June 3, 2020
Casual Dining Properties Fall Off Investors’ MenusThe coronavirus pandemic has boosted the business of drive-thru, quick-service restaurants, but sit-down eateries have started falling out of investors’ favor, according to two brokerage firms that specialize in the sector. In the first quarter, the national capitalization rate for single-tenant casual dining properties…» Coronavirus Slams Brakes on Commercial […]
Commercial Real Estate & Business News – June 2, 2020
There’s Still a Struggle Ahead But Signs Emerge that the Economy is ReawakeningThe COVID-19 pandemic started to strain the housing market in April, but amid the strain prices are holding firm, according to a new research report. Data shows that housing starts declined by 30% and building permits dropped by 21%, said the report by […]
Commercial Real Estate & Business News – June 1, 2020
Ducey Announces $600M in Coronavirus Relief FundsThe Governor’s Office is providing nearly $600 million in coronavirus relief and recovery dollars for local Arizona governments and nonprofits as part of a funding plan announced today by Governor Doug Ducey. The plan includes $441 million in direct, flexible funding to…» Two More Valley Casinos Opening with Heightened […]
Commercial Real Estate & Business News – May 29, 2020
Phoenix Is Officially Open for BusinessThe Phoenix market has officially opened for business, with all retailers allowed to serve customers. While some retailers have decided to stay closed or offer only limited service by their own choice, most are completely open and actually seeing activity from consumers. While there are no…» Ducey Announces $600M in […]
Commercial Real Estate & Business News – May 28, 2020
Is The Housing Market Already Rebounding From COVID-19?Cabin fever is a real thing. And you don’t have to live in a cabin to get it. With everyone chomping at the bit to get back to “normal,” I thought it would be useful to check in on the five metrics I previously identified as signals for […]