April 7, 2020

The economic downturn resulting from the novel coronavirus has put some Valley land deals on ice, but some industries are still moving forward with land purchases and expansions. Anita Verma-Lallian, co-founder of SLM Land Land Holdings and marketing director for her family’s

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April 6, 2020

The construction industry, a cornerstone of Arizona’s economy, is one of the essential services that can continue operating under Gov. Doug Ducey’s stay-at-home order issued this week. As signs of distress are emerging for the construction industry as commerce slows, construction

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The Phoenix area led the nation in year-over-year apartment rent growth through March, according to a report that covers the key period that came to a close just as coronavirus-prevention efforts were taking hold in Arizona. Valley rents jumped by 7.6% over March 2019, according

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New York Gov. Andrew Cuomo (D) suggested Monday the state may have flattened the curve of the coronavirus outbreak, but it is too soon to tell. Deaths related to COVID-19, the disease caused by the new coronavirus, have stayed flat for two days, he said, while the total number of new hospitalizations

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For many real estate firms, the passage of Coronavirus Aid, Relief, and Economic Security Act (CARES), a more than $2 trillion economic stimulus designed to help bolster the United States economy, brought some good news in an otherwise terrible month. One real estate executive

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The good news for the hospitality sector is that occupancy rates likely won’t fall in the coming weeks. But that’s only because occupancies have already dropped so low. Less than a quarter (22.6 percent) of the hotel rooms in the U.S. were occupied in the week ending March 28, according

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April 3, 2020

While thousands of unemployed renters in Arizona are taking advantage of protections Gov. Doug Ducey put in place to keep them from being evicted if they can’t pay their monthly rent, their landlords are wondering just how long they’ll be able to absorb those costs

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Prior to the coronavirus pandemic, the US had a severe housing deficit. In fact, at that time, the word crisis was largely used to describe the shortage of affordable and attainable housing. While the pandemic has certainly stolen the headlines, there could continue to be a housing shortage, and the coronavirus

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The construction industry, a cornerstone of Arizona’s economy, is one of the essential services that can continue operating under Gov. Doug Ducey’s stay-at-home order issued this week. As signs of distress are emerging for the construction industry as commerce slows, construction

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In a deal that bolsters its position in the strategically located southwest industrial submarket of Phoenix, California-based industrial real estate investment and development firm CapRock Partners today announced its acquisition of the newly constructed 7200 W. Roosevelt

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Real estate investment firm Westcore has leased West80, a 400,000-square-foot industrial facility in Phoenix, to ABB Electrification. The tenant, an arm of European technology giant ABB, plans to use the building as a West Coast distribution center. Cushman & Wakefield facilitated the transaction

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April 2, 2020

WASHINGTON, DC—Last week Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security, or Cares, Act, releasing a $2 trillion stimulus on the US economy that is currently under siege from the coronavirus. The main provisions of the Cares Act

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The medical office market appears to be a clear winner in a U.S. commercial real estate environment made murky by the coronavirus-generated economic nosedive. “Generally, if you own a medical office building, you know that you’re going to probably survive the storm

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The COVID-19 pandemic has upended daily life and economies around the world. Many wonder what a post-Coronavirus world will look like, how it will affect life and work going forward. The lockdown has already cost many workers their jobs, and it’s likely to get worse, according to Goldman Sachs economists

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Plans for the next phase of office buildings at Cavasson, the master-planned development underway by Nationwide Realty Investors, have been submitted to the city of Scottsdale. The development will eventually total 134 acres, with Class A office space, apartments, retail, restaurants

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In what would normally be the busiest month of year, occupancy rates at Valley hotels plummeted to levels that rival the blazing middle of summer and its dearth of tourists. Now, hotels are having to make decisions to close or weather the same fate in April as the coronavirus

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April 1, 2020

The average rents on apartments are already dropping, as the U.S. economy grinds to a halt and millions of workers have lost their jobs, been furloughed or have been asked to stay home to fight the rapid spread of COVID-19.“ Job losses are already affecting demand for apartments

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The coronavirus outbreak will accelerate commercial real estate trends that had been forming and cause dramatic changes in the industry faster than had been anticipated. The crisis will result in some short-term contractions in the industry, but will lead to a long-term expansion for commercial real estate

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Arizona Gov. Doug Ducey and many of the state’s leading banks announced on Monday an agreement to delay housing foreclosures and evictions while providing loans and other assistance to small businesses stressed by the coronavirus outbreak. Most banks operating in Arizona agreed to suspend

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The hotel industry is taking its biggest hit on record as the accelerating spread of the coronavirus outbreak disrupts travel across the United States and pushes the overall occupancy rate to an all-time low. Hotel occupancy fell to 22.6% for last week

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Millions of borrowers may be unable to pay their mortgages as the coronavirus continues to crush the U.S. economy. But there is a government back-up plan. The CARES Act just signed into law allows borrowers to skip payments for up to a year and then have those payments tacked on to the end

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March 31, 2020

As April 1 approaches and some Valley businesses have gone two weeks without normal business operations, property managers and landlords in the region are grappling with the possibility that many tenants will not be able to make rent.“ Let’s start planning on April rent being a challenge

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Steve Jobs once said, “Innovation distinguishes between a leader and a follower.” Arizona State University has emerged as a leader in research and innovation — U.S. News and World Report has ranked ASU as the most innovative university in the nation for five straight

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Commercial real estate borrowers who were hoping to capitalize on dramatic Fed rate cuts and a drop in the 10-year Treasury to refinance loans at record low rates may have missed their window of opportunity—at least for now. Borrowers that were able to move quickly

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Walmart, the world’s largest brick-and-mortar retailer, and Publix, the third-largest grocery chain in the United States, are giving breaks on rent to tenants within their store and strip-mall properties suffering from dramatic drops in business caused by new coronavirus-related closings

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