Commercial Real Estate & Business News – February 11, 2025

Even with significant headwinds from reduced housing affordability, elevated interest rates, and tight labor markets, Arizona continues to generate solid economic growth. Job gains are far outpacing national growth in the preliminary data and may be growing even faster than the data…»

Scottsdale has been named the No. 1 city in the country to raise a family. That’s according to research from This Old House, an online platform that offers expert how-to and DIY advice on home improvement. “Scottsdale earned the top spot for families by excelling in education and…»

Phoenix is looking for a developer to turn a downtown parking garage into a hotel at the southwest corner of Adams and 2nd streets. Built in 1972, the Regency Garage has a little more than 500 parking spaces and nearly 23,000 square feet of ground floor commercial…»

After a certified signature drive allowing Axon’s City Council-approved plan to be decided by voters, Taser magnate Rick Smith repeated threats to leave Scottsdale – and take hundreds of high-paying jobs with him. But Smith was heartened Feb. 5 with the addition of language to Arizona…»

LOS ANGELES — For many hotel owners and investors, 2024 was a year defined by uncertainty — with pricing, interest rates and the regulatory environment all up during a presidential election year. Now with the political side of the equation settled, hotel owners hope 2025 is a year of more…»