Pandemic’s Q4 Phoenix Office Impacts
By Colliers International Impact of the COVID-19 pandemic has clearly arrived in Phoenix office market statistics for fourth quarter 2020. The city had its first quarter of BEX
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pandemic
Three 2021 Growth Trends to Watch in Surprise
By Jeanine Jerkovic for City of Surprise When you’re a city called “Surprise,” it’s safe to say that constant change is a bit of a norm, however 2020 accelerated BEX
Construction Has Highest COVID Positivity Rates
A study administered by testing firm Curative showed construction workers have the highest COVID-19 positivity rates for asymptomatic cases across all occupations. In BEX
Three Paths to Business Development in COVID Era
By Chad Schleicher for Weitz COVID-19 has changed our environment over the last eight months and forced us into a new modality of working and competing for business. BEX
Arizona Cities See Higher Rents
While Apartment List’s National Rent Index is down 1.4 percent over the last year, rents in Tucson have increased 4.7 percent since the start of the COVID-19 crisis. BEX
Investors Flocking to Biolab Sector
By Sebastian Obando for National Real Estate Investor Commercial real estate investors are showing increasing interest in biolab facilities as healthcare research and BEX
Phoenix Retail Posts Positive Net Absorption in Q3
Source: Colliers International The Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic. BEX
PHX Industrial Market Surges During Pandemic
Source: Colliers International The Greater Phoenix industrial market has surged during the COVID-19 pandemic, driven largely by the country’s increased use of BEX
Phoenix Office Market Outlook
Source: JLL Despite a sluggish first half of 2020, the Phoenix office market showed signs of growth during the third quarter, posting just over 300KSF of positive BEX
Amazon Discussing Retail-to-Distribution Conversions
By Joe Dyton for The Broker List Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution BEX
Peoria Eyes Significant Transportation Funding Source
By Philip Haldiman for Independent Newsmedia A significant funding source that has generated about $4.3B in tax revenues since 2006 for transportation in Peoria and BEX
Subleasing, Rent Pressures Equal Trouble for Office
By Rayna Katz for GlobeSt.com Given corporate America’s reluctance to return to offices rather than work from home, current conditions in office properties—and the BEX
Phoenix #2 in Data Center Growth
Source: JLL COVID-19’s impact on public safety and stay-home orders drove significant demand for immediate digital connectivity around the world. JLL’s 2020 Mid-Year BEX
ADOT Opening Additional 2021-2025 Plan
Source: Arizona Department of Transportation The Arizona Department of Transportation will open an additional comment period for the revised 2021-2025 Tentative BEX
Gilbert Surf Park Delayed Again
By Cecilia Chan for Gilbert Sun News A much-ballyhooed 25-acre water park in Gilbert touting technology that can create ocean waves for surfing in the desert is delayed BEX
Dollar Stores Show E-commerce Resilience
By Les Shaver for GlobeSt.com While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish. In the second BEX
Ariz. Headed for Faster Recovery
By Victoria Harker for Chamber Business News Arizona is positioned for a faster economic recovery than the rest of the nation, and with some strategic moves on the part of BEX
Lessons Learned from a Land Use Lifesaver
By Adam Baugh for Withey Morris PLC At the beginning of COVID, when the world suddenly halted in March, my children and I decided to build a bike shed. It was a great BEX
Construction Contracts in the COVID Era
By David A. Blake for GlobeSt.com Those entering into new construction contracts should include custom language addressing the parties’ respective rights and BEX
ADOT Announces Disparity Study Finalization
Source: Arizona Department of Transportation The Arizona Department of Transportation has finalized the Disparity Study report and the Federal Highway BEX
Project Wants Mesa to Become ‘Surf City’
By Jim Walsh for East Valley Tribune A developer already has “Surf Mesa’’ tee-shirts printed, hoping that his proposed two-acre “surf lagoon” turns into a BEX
Uncertainty Forces Economic Developers to Pivot
By Rebekah Morris for AZBEX The diversity of East Valley cities was on full display at the August 12th, 2020 Leading Market Series discussion hosted by BEX. Economic BEX
NAIOP Survey Finds CRE Deals Increasing
Source: AZ Big Media In the fourth monthly NAIOP survey measuring the impact of the COVID-19 crisis on the commercial real estate industry, respondents say that deal BEX
Medical Office Market in PHX Thrives
Source: Colliers International As cases of coronavirus and hospitalizations rose in Greater Phoenix following Memorial Day weekend, the area’s second quarter of real BEX
Construction Output Drops Significantly
Source: Associated Builders and Contractors The U.S. economy contracted at an annualized rate of 32.9 percent during the second quarter of 2020, according to BEX
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