Commercial Real Estate & Business News – April 27, 2020
Arizona Tech Employment Grows by 8,000 Net New JobsInformation technology (IT) employment in Arizona grew by estimated 8,000 net new jobs in 2019, capping a decade in which the state’s tech-related labor force expanded by more than 52,400 workers, according to Cyberstates 2020™, the definitive guide to the U.S. tech industry, occupations…» Phoenix Players Craft […]
Commercial Real Estate & Business News – April 24, 2020
Coronavirus Pandemic Forecast to Create Surge in Demand for Warehouse/Distribution SpaceThe Greater Phoenix Industrial market could be poised for a surge in demand for warehouse/distribution space, according to a report released today by Colliers International in Arizona. The “stay at home” orders resulting from the Coronavirus Pandemic have forced more people to shop online…» Modular […]
Commercial Real Estate & Business News – April 23, 2020
Arizona Economy: ‘Once We Get Past the Shock, Recovery Should be Solid’As with the March Interim forecast, there is still a huge amount of uncertainty about the future of the outbreak and the economic impacts on the Arizona economy associated with it. Regarding the outbreak, the question at this point is when government and self-imposed […]
Commercial Real Estate & Business News – April 22, 2020
CRE Lenders Might Not Like How Bankruptcy Courts Treat Them During the CoronavirusWith a host of commercial real estate owners likely to declare chapter 11 bankruptcy as a result of the coronavirus pandemic, organizations that lend to these companies should keep one thing in mind: bankruptcy court judges are aware of the unprecedented economic damage […]
Commercial Real Estate & Business News – April 19, 2020
Holualoa Closes Several Big Deals to Maintain Momentum During COVID-19 DownturnHolualoa Companies has enjoyed a strong first four months of the year despite recent economic challenges, closing on several key transactions in Arizona. The company sold several properties in Phoenix and Tucson over the past few months and signed a significant…» Walmart Makes Major Gains […]
Commercial Real Estate & Business News – April 20, 2020
When Will Things Return to Normal in Arizona? Here Are The Unusual Metrics Economists Are WatchingThe economic damage caused by coronavirus shutdowns is uncommon. So economists say they will need uncommon data to track how the nation rebounds. Normally, these experts use high-level metrics such as the gross domestic product and bond yield curves to…» […]