September 2, 2020

This morning, representatives from the U.S. Environmental Protection Agency (EPA), Arizona State University (ASU), the U.S. Department of the Interior (DOI) and other federal, local and state partners held a live-streamed press conference to announce steps forward in the ongoing Rio Reimagined 

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The Valley’s first Arrive Hotels & Restaurants-branded hotel opened this week in uptown Phoenix. The 79-room property with multiple food and beverage options is located at 400 W. Camelback in Phoenix. The hotel has been in the works for years, as Venue Projects and Vintage Partners turned two

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Polaris Pacific, the leading real estate sales and marketing group for new residential communities, announced today the introduction of a weekly, real-time market trend dashboard that measures changes to the condominium sector of eight core West Coast markets and provides data to navigate the complexities

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Arizona is one of the top states in the nation for home price appreciation according to the recent Federal Housing Finance Agency House Price Index data release. The change in house prices between the second quarters of 2019 and 2020 was 5.4 percent in the nation, with Idaho home prices rising

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About $4.4 billion worth of commercial real estate assets in Phoenix were purchased in the first half of 2020, putting Phoenix ninth among large U.S. cities for real estate transaction volume. According to a study done by Real Capital Analytics, which tracked sales worth more than $2.5 million, Phoenix dropped

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September 1, 2020

Gila River Hotels & Casinos – Wild Horse Pass broke ground on a $143 million expansion project in Chandler, a move that aligns with the enterprise’s rapid growth in Arizona. Scheduled to open in fall 2021, an 11-story hotel tower will be added to Wild Horse Pass and connect to its existing hotel

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Metro Phoenix continues to top the nation with monthly home price gains with another percentage increase over 9%, according to the latest CoreLogic Home Price Index report issued Tuesday. The Valley recorded 12-month annual home price growth of 9.1% in July, meaning the region is continuing to see

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Apartment tenants who are missing payments on the first of the month are taking longer to catch up, a sign of financial strain in the pandemic that could affect owners and lenders. The National Multifamily Housing Council, an owners trade group, is tracking rent collection rates at 11.4 million apartments nationwide

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When I started my career in 2004 as an analyst within the commercial real estate industry, times were good, and the education and training I received was very much in line with the industry norms and standards. In those first three years, tenants were taking on more space than they needed

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For supermarket giant Albertsons Cos., the next chapter in the company’s strategic transformation is just beginning. Not long ago, the Boise, Idaho-based grocer had its hands full integrating the $9 billion acquisition of Safeway, which closed in January 2015. During that process, the company

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August 31, 2020

We like to keep you on your feet with the quote of the week (hear from Linus himself about his conviction). And we usually like to jump right in with a topic and a chart that grabs the reader. Which is why we regret to inform you, dear reader

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Arizona has long been the recipient of businesses looking to expand or relocate from the West Coast, and new numbers show the trend is speeding up for companies looking for industrial space. According to data compiled by CBRE and the Greater

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The city of Scottsdale and Axon Enterprise Inc., the maker of Taser stun guns and other law enforcement equipment, reached an agreement for Axon to keep its headquarters in Scottsdale after the company had previously announced plans to move

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There’s a lot more to home affordability than just the listing price on a home. A study from SmartAsset determined the most affordable places to live in Arizona by analyzing local property tax, insurance costs and income data. Places where the homeownership 

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As of right now, bars in nine of the state’s 15 counties can reopen. But don’t expect them to look and operate the way they did before the governor ordered them closed in March. No dancing. No karaoke. No darts or pool. And forget about wandering around in hopes

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August 30, 2020

In recent years, Scottsdale, Arizona-based commercial real estate broker Ari Spiro estimates that roughly one-third of his calls have been from California property investors interested in buying Arizona offices, shopping centers, warehouses and apartments. But that interest

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Arizona-based Legacy Cares, Inc. along with Legacy Sports USA, announced today that Legacy Sports Park, a privately owned 320-acre multi-use family sports and entertainment complex will be built in Mesa, Arizona. The project will be located at Ellsworth and Pecos roads

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Two companies, both major players in their respective industries, in recent days have indicated that they are shifting their workforce policies to emphasize working from home. JPMorgan Chase is one of these companies. Its employees will be

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Amazon.com has opened its first standalone supermarket under a new banner name in what appears to be a direct shot at Cincinnati-based rival Kroger Co., the parent company of Fry’s Food Stores. Amazon opened its first Fresh store Thursday in the Los Angeles area

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Gyms, theaters, water parks and bars that serve food could reopen in metro Phoenix and some other Arizona counties on Thursday. The Arizona Department of Health Services updated its data dashboard at 9 a.m., and the metrics show that businesses in Maricopa

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August 27, 2020

Freddie Mac and Fannie Mae are on track to lend nearly as many dollars to apartment properties in 2020 as they did in 2019. They have even loosened rules created in the early months of the COVID-19 crisis that required new multifamily borrowers keep enough reserves on hand to ensure they could

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By not losing, the industrial property sector was the big Q2 winner in the U.S. commercial real estate market. That’s the takeaway from UBS Asset Management’s quarterly Real Estate Outlook. Data showed total returns hovering around zero for apartments and office space, and negative returns for hotels

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Homebuilders around the Valley have increased the number of single-family building permits pulled for the third-straight month, shaking off the effects of the coronavirus that stalled growth in the spring. Meritage Homes Corp. (NYSE: MTH) pulled the most single-family building permits in July around

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The Arizona Department of Health Services announced Thursday that Phoenix-area businesses that had been closed to slow the spread of Covid-19 will be allowed to start reopening at limited capacity. Maricopa County, which includes most of the Valley, has met the state’s “moderate” category

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The Federal Reserve on Thursday adopted a historic shift in its approach to interest-rate policy that places more emphasis on boosting employment and allows inflation to rise above the Fed’s 2% target during economic expansions, keeping rates lower for longer. In the current COVID-19-induced

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