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Here's Why Phoenix is Ranked a Top 10 Tech MarketThe tech industry's share of U.S. office-leasing activity in this year's first half inched down to 20 percent from 21 percent last year, as tech employment has proven resilient during the pandemic, according to CBRE's annual Tech-30 report. Phoenix … [Read more...] about Commercial Real Estate & Business News – October 30, 2020

4 Arizona Cities Among Top 20 with Employment Bouncing Back MostThe employment market continued to recover in September, as the latest jobs report shows that the national unemployment rate has fallen to 7.9%, which is 46% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide … [Read more...] about Commercial Real Estate & Business News – October 29, 2020

Developers Start Affordable Housing Project in Downtown Phoenix Opportunity ZoneA Los Angeles investor and a Scottsdale, Arizona-based developer specializing in opportunity zone projects started work on a 235-unit affordable housing project in downtown Phoenix. Pacific Oak Capital Advisors and Defer … [Read more...] about Commercial Real Estate & Business News – October 28, 2020

Is Capital Following People to Sunbelt?"We're seeing actual population shifts," William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. "I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more … [Read more...] about Commercial Real Estate & Business News – October 27, 2020

Is Capital Following People to Sunbelt?"We're seeing actual population shifts," William Spransy, CFO of North Carolina-based Eller Capital, tells GlobeSt.com. "I believe demand is still extremely strong in the Carolinas as the pandemic has only accelerated the trend of migration out of the more … [Read more...] about Commercial Real Estate & Business News – October 26, 2020