pandemic

By Central Arizona CCIM Chapter The Central Arizona CCIM Chapter is making it easy for industry professionals to stay ahead of changing technology, market conditions and government regulations by taking a Ward Center workshop for …

By Associated Builders and Contractors National nonresidential construction spending declined 1.3 percent in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized …

By Sun Corridor, Inc. BD (Becton, Dickinson and Company), a leading global medical technology company, announced it will invest $65M to construct a state-of-the-art facility in Tucson that will be a hub for the company’s …

By Urban Land Institute Arizona Last year’s in-person Trends Day attracted a record number of participants. Join ULI Arizona for the 16th Annual Trends Days, this year a three-day virtual program of deep-dive content. The …

By JLL In a turbulent year with overall U.S. commercial real estate volume decline, increased activity in some alternative property sectors was a bright spot for the industry. Alternatives like self-storage, life sciences, manufactured housing …

Data from the first quarter U.S. Chamber of Commerce Commercial Construction Index reveals contractors are growing more optimistic, mostly driven by a rise in revenue expectations. They also have better outlooks on hiring and equipment spending plans …

By Arizona Department of Transportation   Governor Doug Ducey today announced $230M in new transportation infrastructure investments that will enhance highway safety and meet the demand of new residents moving to Arizona.   The funding comes from transportation dollars, including higher …

By Associated Builders and Contractors  Construction input prices increased 2.5 percent in January 2021 compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices rose 2.1 percent for …

By CBRE Research  The spread of COVID-19 and the resulting government restrictions precipitated a pronounced decline in commercial real estate investment activity in the region. Investment volumes for the Phoenix metropolitan area in 2020 totaled $9.0B, a …

By Associated Builders and Contractors  National nonresidential construction spending declined 0.8 percent in December 2020, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $790.2B for …

By The Mahoney Group   These have not been kind times to apartment landlords, multifamily real estate investors and owners.  The COVID-19 pandemic spurred eviction moratoriums nationwide, leaving many owners with no choice but to continue to pay to …

By Colliers International  The retail real estate market was arguably hit hard by the COVID-19 pandemic, but Metro Phoenix endured the challenges more successfully than most markets. The metropolitan area posted positive net absorption in 2020 and rental …

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 negative net absorption in more than eight years. …

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 more change than ever for us – and somewhat …

A study administered by testing firm Curative showed construction workers have the highest COVID-19 positivity rates for asymptomatic cases across all occupations. In examining the results of more than 730,000 tests, the study found construction …

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. While each state has certain restrictions in place, there is a …

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. Since March, Tucson’s month-over-month rents are up 0.6 percent, and year-over-year increases total 5.9 percent. …

By Sebastian Obando for National Real Estate Investor  Commercial real estate investors are showing increasing interest in biolab facilities as healthcare research and development has accelerated due to the pandemic.  “[There is] an increased demand for laboratory space which, when coupled …

Source: Colliers International  The Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic. Vacancy rose slightly during the quarter to 7.7 percent as the city was recognized for comparatively …

Source: Colliers International  The Greater Phoenix industrial market has surged during the COVID-19 pandemic, driven largely by the country’s increased use of e-commerce and elevated grocery shopping while restaurants were closed. Completion of new industrial projects in 2020 has been …

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 absorption.   The Chandler submarket led the way in Q3 with …

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 centers, according to The Wall Street Journal. Both department store chains filed for Chapter 11 bankruptcy and closed stores across the country. …

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 throughout Maricopa County expires in 2025, so city officials are planning to ensure they …