April 22, 2020

Aside from the nation’s hospitals, no other sector has been on the front lines as of late than food retailers. Yet, even in the face of a pandemic, independent retailers have found that the well-honed, tried-and-true tactics that have helped them excel or compete against larger competitors

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April 20, 2020

Holualoa Companies has enjoyed a strong first four months of the year despite recent economic challenges, closing on several key transactions in Arizona. The company sold several properties in Phoenix and Tucson over the past few months and signed a significant

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There is a lot of competition among Phoenix-area grocery stores, and though Fry’s Food Stores is still the king with nearly $3.84 billion in local sales in 2019, retail giant Walmart Inc. (NYSE: WMT) made significant gains during the past year. Fry’s, which is owned by Cincinnati

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The Phoenix office market experienced a record-breaking previous year in 2019 that featured significant relocations and expansions to the region, and further continued to hold strong in the first quarter, according to a report from Kidder Mathews. However, the quarter ended with an unprecedented disruption

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With COVID-19 turning home into the workplace nationwide, the personal-finance website WalletHub today released its report on the Best States for Working from Home, as well as accompanying videos, in order to highlight which areas are thriving and which are struggling in this pandemic

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Last month was the best March for new home sales in the Phoenix area since the boom of 2005, so it will take a while for that momentum to cool. But homebuilding in metro Phoenix is bound to slow along with the rest of the economy due to the COVID-19 pandemic. Fewer potential buyers

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April 19, 2020

The economic damage caused by coronavirus shutdowns is uncommon. So economists say they will need uncommon data to track how the nation rebounds. Normally, these experts use high-level metrics such as the gross domestic product and bond yield curves to

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Break out the popcorn. As the country takes the first baby steps back from the coronavirus shutdown, movie theaters could be one of the early beneficiaries. Cinemas would be allowed to reopen in the first of three phases under the guidelines released Thursday by the White House.

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Despite the economic downturn, work has continued throughout the revitalized Park Central project over the past few weeks, with several significant milestones achieved. Construction on the new Creighton University Health Sciences Campus is well underway, and the new 2,000-space

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Phoenix Mayor Kate Gallego said Tuesday that the city will put all returns it earns from city real estate transactions into its general fund during the pandemic. That includes $6.8M of transactions that originally came from the fund and will now be used to offset a budget deficit

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Amid the coronavirus many property owners are struggling and in need of a capital infusion. Gregory Freedman, a co-founder of real estate investment firm BH3, thinks opportunistic debt funds could provide an answer. “There are certainly opportunities to get capital out there, which

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April 16, 2020

Testing, treatment, social distancing and other health safeguards remain top priorities for stemming the new coronavirus outbreak in Arizona. But government and business leaders are starting to look toward the day, possibly within a few weeks, when the state’s economy might start to reopen

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Before stay-at-home orders are lifted, the nation’s public health agencies want to be ready to douse any new sparks of coronavirus infection — a task they say could require tens of thousands more investigators to call people who test positive, track down their contacts and get them into quarantine

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If social distancing guidelines continue to be observed, U.S. Rep. Andy Biggs of Arizona would like to see nonessential businesses reopen as soon as possible. “Allow retail shops to open up the way they normally would with social distancing you see in grocery stores… businesses are just dying on the vine

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Three Arizonans were selected to serve on a bipartisan White House task force of Congress members that will focus on the nation’s economic recovery from the coronavirus outbreak. Democratic Sen. Kyrsten Sinema, Republican Sen. Martha McSally, and Republican Rep. Andy Biggs announced their participation

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Freddie Mac  today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.31 percent. “Mortgage rates continue to hover near all-time lows for the third straight week. As a result, refinance activity remains high, but home purchase

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Gov. Doug Ducey says he will be the one to decide when to reopen Arizona’s economy, not President Trump.In a wide-ranging news conference on COVID-19 Tuesday afternoon, the governor said that, for the moment, he is still using May 1 as a target date to start removing restrictions

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April 15, 2020

Tempe-based Sundt Construction Inc. and joint venture partner DPR have begun a $20 million construction project on the Phoenix Biomedical Campus. The joint venture is kicking off tenant improvements at the Biomedical Sciences Partnership Building on the campus in downtown

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Arizona’s bioscience sector is performing at its highest level since data tracking began nearly two decades ago, helping to position universities, research institutes, companies, and clinicians to play an instrumental role in Arizona’s response to the new coronavirus. Bioscience firms received nearly $200 million

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Amazon announced on Tuesday 2,000 additional job openings throughout Arizona and an increase in employees’ hourly wages. By end of April, the retail giant will fill the additional jobs and increase employees’ hourly wages by $2, according to a press release. Amazon currently pays employees a minimum of $15 per hour

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With no basketball, spring training baseball, hockey, futbol (soccer), tennis, golf, or even XFL football, what is a sports fan to do on the weekend? GOLF! Golf is the perfect participant sport during the COVID-19 quarantine, but there are a number of precautions that you need to take: Skip the driving range

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West Coast states are beginning to publicly map out approaches for gradually easing tight restrictions on movement that have slowed the coronavirus pandemic but disrupted the economy and industries such as commercial real estate over the past month. California Gov. Gavin Newsom and Oregon

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April 14, 2020

Arizona is laying the groundwork to eventually reopen the state’s economy with help from the business community. Gov. Doug Ducey announced Tuesday he has reached out to the state’s business and tourism communities for ideas that can be implemented in a plan that eventually would allow commerce

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Arizona Gov. Doug Ducey said the state would be open to the idea of hosting all 30 teams should Major League Baseball push forward with an idea to play its season in empty spring training parks later this year. “Two words that would allow the country and the state of Arizona

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Millions of U.S. job losses during the coronavirus pandemic have cut into renter demand for apartments, and now the loss of rent payments may contribute to a decline in investment sale prices for the first time in years. While more than 70% of renters made their monthly payment this month, landlords fear that the month of May will

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