Commercial Real Estate & Business News – April 7, 2020
Construction Industry Braces for Disruptions as Most Projects Stay on TrackThe construction industry, a cornerstone of Arizona’s economy, is one of the essential services that can continue operating under Gov. Doug Ducey’s stay-at-home order issued this week. As signs of distress are emerging for the construction industry as commerce slows, construction…» Valley Apartment Rent Growth […]
Commercial Real Estate & Business News – April 6, 2020
Will the Governor’s COVID-19 Executive Order Protecting Renters Hurt Valley Apartment Owners?While thousands of unemployed renters in Arizona are taking advantage of protections Gov. Doug Ducey put in place to keep them from being evicted if they can’t pay their monthly rent, their landlords are wondering just how long they’ll be able to absorb those […]
Commercial Real Estate & Business News – April 3, 2020
The Cares Act Can Also Reduce Tax Liability For Real Estate FirmsWASHINGTON, DC-Last week Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security, or Cares, Act, releasing a $2 trillion stimulus on the US economy that is currently under siege from the coronavirus. The main provisions of the Cares Act…» Some […]
Commercial Real Estate & Business News – April 2, 2020
The COVID-19 Economic Shutdown is Already Hitting Multifamily RentsThe average rents on apartments are already dropping, as the U.S. economy grinds to a halt and millions of workers have lost their jobs, been furloughed or have been asked to stay home to fight the rapid spread of COVID-19.” Job losses are already affecting demand for […]
Commercial Real Estate & Business News – April 1, 2020
As April Rents Loom, Phoenix Real Estate Leaders Grapple with Potential LossesAs April 1 approaches and some Valley businesses have gone two weeks without normal business operations, property managers and landlords in the region are grappling with the possibility that many tenants will not be able to make rent.” Let’s start planning on April rent […]
Commercial Real Estate & Business News – March 31, 2020
Increased Demand for Warehouse Space and Labor Created by COVID-19 Could be a Long-Term TrendAs non-essential businesses are forced to close doors, some retail and e-commerce firms are ramping up hiring and operations in order to meet a surge in demand for necessities and home deliveries. “There’s certainly good news and bad news happening in […]