Phoenix Home Sales Up 14% Year-Over-YearRepresenting the last full month before the coronavirus became a global pandemic, February saw the third consecutive month of year-over-year increases in U.S. home sales - a streak not seen since 2015. At the same time, inventory across the report's 53 metro … [Read more...] about Commercial Real Estate & Business News – March 26, 2020
SOLD: LARGE GLENDALE SHOPPING CENTER TRADES FOR $6.3M
GLENDALE -- Located at the northeast corner of 67th and Peoria Avenues, Brittany Square, a 49,004 square foot retail center, traded for the 3rd time in the past few years, represented each time by Nick Miner, CCIM of ORION Investment Real Estate. The shopping center has ample on-site … [Read more...] about SOLD: LARGE GLENDALE SHOPPING CENTER TRADES FOR $6.3M
Commercial Real Estate & Business News – March 25, 2020
Dow Surges Most Since 1933 on Stimulus Deal Hopes: Markets WrapU.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak. … [Read more...] about Commercial Real Estate & Business News – March 25, 2020
Commercial Real Estate & Business News – March 24, 2020
What Can the Fed Do to Help Main Street, Not Wall Street?The market continued its downward trajectory on Monday in spite of a sweeping pledge from the Federal Reserve to support the economy as coronavirus shutdowns accelerated around the country. With consumer spending crippled by "stay at home" … [Read more...] about Commercial Real Estate & Business News – March 24, 2020
Commercial Real Estate & Business News – March 23, 2020
Scottsdale Entrada Breaks Ground on Opportunity Zone SiteBanyan Residential announced the start of construction on the long-anticipated Scottsdale Entrada development this morning. Located at the northeast corner of 64th Street and McDowell Road, Scottsdale Entrada will revitalize a long-vacant … [Read more...] about Commercial Real Estate & Business News – March 23, 2020
Commercial Real Estate & Business News – March 20, 2020
$3.3B Gasoline Production Plant Comes To Casa Grande And Fast-Growing I-10 CorridorThe city of Casa Grande hit a real estate milestone today, as oil and gas company Nacero Inc. said it would build a $3.3B gas production facility there. Considered "drive-through" country between Phoenix and Tucson, … [Read more...] about Commercial Real Estate & Business News – March 20, 2020