February 3, 2021

Peoria may land its first full-service hospital nearly a decade after construction of one began, ran out of money and stood as a partially built skeletal framework for years. Demolition of the unbuilt eyesore began in late October, and a groundbreaking on the same site now is slated in April for the

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Global investment in commercial real estate rebounded at the close of 2020, up 84% from the previous quarter and totaling $290 billion, according to new research from CBRE. The activity was a good sign for recovery of the industry and returning demand; however, it wasn’t enough to offset the

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Supermarket giant Kroger Co. plans to build an $89 million warehouse in southwest Phoenix that uses robots programmed with artificial intelligence to fulfill online grocery orders for its Fry’s Food Stores outlets in Arizona. Kroger, the largest grocery store retailer in the United States, bought 57.3 acres at

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Phoenix is celebrating a banner year for the industrial market. In 2020, the market posted 13.9 million square feet of industrial absorption, the highest on record, according to research from Colliers International. Out-of-state companies and ecommerce growth fueled the market activity. Amazon alone

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When most people think of Arizona college towns, it’s Tempe, Tucson and Flagstaff that pop to mind. But in central and downtown Phoenix, a critical mass of higher education is taking place that is making the area one of the largest hubs of higher education in the state. Almost 15,000 students

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February 2, 2021

Across the country, office was among the hardest hit sectors during the pandemic, and Phoenix was no exception. Office leasing activity in the market fell by 58% in 2020, according to research from Savills. The vacancy rate fell by increase 110 basis points to 22.3%

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The housing market is looking extremely strong for the Phoenix area in 2021. Realtor.com’s most recent forecast predicts home sales in the Valley will jump 11.4% over last year’s levels, which is more than the national average. The combination of beautiful weather, prestigious restaurants

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Coworking giant WeWork announced to its members Tuesday that it will be vacating its location in Block 23 in downtown Phoenix on Feb. 26. WeWork began evaluating its entire global portfolio in 2019 — before the Covid-19 pandemic began

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Hines, the international real estate firm, today announced the structural topping out of Adeline, the new luxury residential high-rise community at the Collier Center in downtown Phoenix. Adeline will feature 75 studio, 179 one-bedroom and 125 two-bedroom

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The U.S. economy is expected to reach its pre-COVID-19 level by mid-2021, sooner than anticipated, and unemployment is poised to fall more rapidly as a result of a milder downturn and earlier recovery from the pandemic, according to the latest estimates by the Congressional

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February 1, 2021

Many economists aren’t just expecting a recovery this year—but one with the potential for significant economic growth. In a new research video, John Chang, SVP and director of research services from Marcus & Millichap, gives a positive outlook for the economy and the commercial

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The medical office market in Greater Phoenix remains strong as population grows and companies relocate to the area, according to a report from Colliers Arizona. Demand for healthcare is growing, which is projected to drive demand for medical office space throughout

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Much needed affordable housing is going up in the midst of a pandemic, eviction crisis and nonstop trend of rapidly rising home and rent prices in metro Phoenix. More than 500 affordable homes are under construction in metro Phoenix, at a time they are

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The apartment market has not yet entered a clear recovery. In January, the National Multifamily Housing Council Indexes for sales volume and equity financing both improved beyond the breakeven point, but market tightness and debt financing continued

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Kroger Co., the nation’s largest operator of traditional supermarkets and parent company of Fry’s Food Stores, has purchased a large property in west Phoenix where it plans to build a 222,850-square-foot high-tech warehouse to fulfill online grocery

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