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AZRE Forum: Retail, Multifamily, LandThe AZRE Forum is the annual mid-year market report and in-depth look at what factors are driving the Phoenix economy. The COVID-19 pandemic forced the Forum to go virtual this year, but it did nothing to dampen the lively discussions by three panels of … [Read more...] about Commercial Real Estate & Business News – August 7, 2020

Arizona Gyms Must Get Opportunity to Show They Can Safely Reopen, Judge Rules in Rebuke of DuceyArizona gyms must be given a chance to reopen within a week, a Maricopa County Superior Court judge ruled on Tuesday, marking the first time during the pandemic that Gov. Doug Ducey has faced a rebuke of … [Read more...] about Commercial Real Estate & Business News – August 6, 2020

Medical Office Market in Phoenix Thrives During PandemicAs cases of coronavirus and hospitalizations rose in Greater Phoenix following Memorial Day weekend, the area's second quarter of real estate market activity was also surging. The medical office market posted its strongest quarter of net … [Read more...] about Commercial Real Estate & Business News – August 5, 2020

Credit Unions are Making a Bigger Play for CRE LoansCredit unions that have been working to grow market share in the commercial real estate lending space in recent years are taking advantage of open runway as other capital sources have pulled back in recent months. In fact, these institutions are … [Read more...] about Commercial Real Estate & Business News – August 4, 2020

Pandemic Weakens Commercial Real Estate Prices in Second QuarterCommercial real estate prices weakened in the second quarter as the coronavirus pandemic, social distancing and temporary closings disrupted major property sectors, according to the latest monthly CoStar Commercial Repeat Sale Indices. … [Read more...] about Commercial Real Estate & Business News – August 3, 2020

Economist: Despite Nike departure, Phoenix Still Attractive For ManufacturingNike Inc.'s decision this week not to move forward with a planned manufacturing plant in Goodyear eliminates over 500 planned manufacturing jobs, but one economist said he expects the Phoenix metro to continue attracting … [Read more...] about Commercial Real Estate & Business News – July 31, 2020