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Phoenix real estate firm gives employees free meals at tenant restaurants amid COVID-19
News 1 month ago
Phoenix real estate firm gives employees free meals at tenant restaurants amid COVID-19

When restaurants began to suffer due to forced changes in business for the novel coronavirus, executives from Red Development wanted to work with...

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US shopping mall owners face financial reckoning
News 1 month ago
US shopping mall owners face financial reckoning

Some of America's biggest mall owners are facing a financial reckoning as retailers from Urban Outfitters to Calvin Klein stop paying rent in the...

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NAIOP: These real estate trends are speeding up in wake of COVID-19 in Arizona, nationwide
News 1 month ago
NAIOP: These real estate trends are speeding up in wake of COVID-19 in Arizona, nationwide

The disruption in normal business caused by the novel coronavirus is accelerating certain real estate trends nationwide and in Arizona. The nation...

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Scottsdale land brokerage adds health care line, plans national expansion
News 1 month ago
Scottsdale land brokerage adds health care line, plans national expansion

Land Advisors Organization had already been working with health care organizations for real estate needs, but is adding the specialty. This account...

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Scottsdale broker: Tenants need plan for when eviction moratorium ends
News 1 month ago
Scottsdale broker: Tenants need plan for when eviction moratorium ends

Tenants comforted by Arizona Gov. Doug Ducey's executive order halting evictions for small businesses and nonprofit organizations should use the...

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Equinox says it will not pay rent, even to its owner
News 1 month ago
Equinox says it will not pay rent, even to its owner

Editor's note: This story is available as a result of a content partnership with the Financial Times. Subscribers will see stories like this every...

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Valley CRE leaders: Commercial evictions were already unlikely before executive order
News 1 month ago
Valley CRE leaders: Commercial evictions were already unlikely before executive order

Arizona Gov. Doug Ducey announced an executive order Monday halting evictions for small businesses and nonprofit organizations until May 31, but...

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ViaWest adds former Vereit exec as new COO
News 2 months ago
ViaWest adds former Vereit exec as new COO

Phoenix-based ViaWest Group has hired Todd Weiss to serve as the commercial real estate investment firm's first chief operating officer. "We are...

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Scottsdale developer completes virtual building inspection during COVID-19 shutdown
News 2 months ago
Scottsdale developer completes virtual building inspection during COVID-19 shutdown

The inspection allowed the coffee shop to get a certificate of occupancy and open drive-thru operations on time. This account isn't linked to a...

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Coronavirus cools one of construction's hottest streaks in Phoenix. So what's next?
News 2 months ago
Coronavirus cools one of construction's hottest streaks in Phoenix. So what's next?

The Valley saw big growth in its building during the first two months of 2020, but now all bets are off because of the coronavirus pandemic....

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Plans submitted for new offices at north Scottsdale Cavasson development
News 2 months ago
Plans submitted for new offices at north Scottsdale Cavasson development

One of the buildings will be occupied by a national hotel brand for a planned technology center that's expected to employ 500 people. Filled with ...

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SoftBank pulls out of $3bn WeWork share buyout
News 2 months ago
SoftBank pulls out of $3bn WeWork share buyout

WeWork cofounder Adam Neumann and other investors are expected to sue over the collapse of the deal. This account isn't linked to a paid Phoenix...

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Valley PR firm launches real estate resource site for COVID-19 updates
News 2 months ago
Valley PR firm launches real estate resource site for COVID-19 updates

As business closures and social distancing stir up confusion and lead to more questions than answers for the commercial real estate industry, a...

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How the Army Corps will convert hotels, arenas into makeshift hospitals
News 2 months ago
How the Army Corps will convert hotels, arenas into makeshift hospitals

Here's what they say they're looking for. Filled with "must read" stories, industry news and reporter insights, exclusive interviews with local...

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Worried about paying rent for your business? Phoenix attorneys say communication is crucial
News 2 months ago
Worried about paying rent for your business? Phoenix attorneys say communication is crucial

Two Phoenix attorneys advise commercial tenants and landlords to look at one another as partners when trying to make a plan. Filled with "must read...

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Valley real estate CEO tests positive for coronavirus
News 2 months ago
Valley real estate CEO tests positive for coronavirus

Glenn Rufrano, CEO of Phoenix-based Vereit Inc., has tested positive for the novel coronavirus, the company announced in a filing with the U. S....

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Coronavirus cools business relocation talks in Phoenix, but officials still hopeful for 2020
News 2 months ago
Coronavirus cools business relocation talks in Phoenix, but officials still hopeful for 2020

Many businesses that were working with the Greater Phoenix Economic Council have hit the brakes on expansion and relocation, but GPEC officials say...

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As hotels plead for 'second' stimulus, Phoenix stares down $2.1 billion in likely loan defaults
News 2 months ago
As hotels plead for 'second' stimulus, Phoenix stares down $2.1 billion in likely loan defaults

Without federal intervention and relief, real estate and hospitality industry experts say the carnage will be widespread and result in instability...

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As April rent looms, Phoenix real estate leaders grapple with potential losses
News 2 months ago
As April rent looms, Phoenix real estate leaders grapple with potential losses

Commercial real estate landlords around the Valley are generally looking at each of their tenants on a case-by-case basis as they continue to get...

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Technology manufacturer ABB plans to hire 100 in Phoenix
News 2 months ago
Technology manufacturer ABB plans to hire 100 in Phoenix

Technology manufacturer ABB Inc. leased a 400,000-square-foot warehouse in far west Phoenix that will open in the third quarter and eventually...

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Before coronavirus, $1.8B in Phoenix CRE construction began in 2020
News 2 months ago
Before coronavirus, $1.8B in Phoenix CRE construction began in 2020

The robust construction activity could poise Phoenix to be more resilient coming out of the downturn, one expert said. This account isn't linked to...

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My View: In real estate, it's no time for traditional thinking or actions
News 2 months ago
My View: In real estate, it's no time for traditional thinking or actions

I have been asked several times during the past couple weeks about the impact COVID-19 will have on real estate and my answer is, we can only...

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Coronavirus fallout to test Phoenix commercial real estate industry's 'extend and pretend' limits
News 2 months ago
Coronavirus fallout to test Phoenix commercial real estate industry's 'extend and pretend' limits

Commercial real estate experts agree it’s too early to tell how or when vulnerabilities will come to the fore as the global economy implodes under...

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Largest Phoenix-Area Construction Projects
News 2 months ago
Largest Phoenix-Area Construction Projects

Surveyed list for Phoenix-area construction projects that started in 2019, ranked by total project budget. Information points include name of...

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Phoenix Area's Most Expensive Luxury Apartments
News 2 months ago
Phoenix Area's Most Expensive Luxury Apartments

List information provided by Yardi Matrix, www.yardimatrix.com, ranked by market rates for 1-bedroom apartments in the Phoenix area. Information...

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My View: Biltmore residents don't need 'enhanced' golf course, clubhouse
News 2 months ago
My View: Biltmore residents don't need 'enhanced' golf course, clubhouse

A long-time Biltmore resident writes in opposition to plans to expand the Arizona Biltmore Golf Club. This account isn't linked to a paid Phoenix...

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Cheesecake Factory won’t pay April rent because of coronavirus losses
News 2 months ago
Cheesecake Factory won’t pay April rent because of coronavirus losses

One of the country's largest restaurant chains, and the parent company to some of Phoenix's most popular eateries, has sent a letter to its...

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Office redevelopment planned for Kierland area of Phoenix
News 2 months ago
Office redevelopment planned for Kierland area of Phoenix

An old office complex near Kierland Boulevard and Marilyn Road in northeast Phoenix is planned to be razed and redeveloped into two six-story Class...

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As businesses close, WeWork tries to lure workers back
News 2 months ago
As businesses close, WeWork tries to lure workers back

The headquarters of WeWork in New York on Nov. 18, 2019. The shared office space company is offering its workers $100-a-day bonuses to come to its...

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Scottsdale broker: Real estate transactions down, not stopped in wake of coronavirus
News 2 months ago
Scottsdale broker: Real estate transactions down, not stopped in wake of coronavirus

The downturn associated with coronavirus could cause new business types to emerge, a Scottsdale commercial real estate expert said. Filled with ...

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