Commercial Real Estate & Business News April 18, 2019

Fast-Growing Goodyear, Arizona, in Line for First Modern Office Development in Nearly Two Decades Goodyear, Arizona, may be on the verge of getting a permanent city hall as well as its first modern office space in almost two decades, in a development that could create a significant central gathering area in the fast-growing city.The Goodyear City Council just took a big step toward addressing growth in a city that has seen a 30% gain…»
Phoenix Remains Among Cheapest for Real Estate Construction Despite Cost Increases
Phoenix remains one of the cheapest major cities for building real estate projects, despite one of the largest increases in construction costs during 2018.According to the quarterly construction cost report done by Rider Levett Bucknall, construction costs in Phoenix rose 6.7% between January 2018 and January 2019, one of the largest increases for major cities nationwide.…»
Treasury Seeks to Boost Startups in Opportunity Zones
WASHINGTON – In recent weeks, backers of a new tax incentive meant to encourage investment in struggling communities raised alarms with the Trump administration that the regulations could steer most of that money into real estate development, rather than startup businesses that are more likely to create well-paying jobs.…»
New Developments Reshape Downtown Phoenix
A series of new developments in Downtown Phoenix promise to redefine the market and create a strong urban core. Like projects in major metropolitans, many of these new communities are focused on lifestyle and amenities that create a true live-work-play atmosphere. Among the projects to spring up is Millennium Park Central…»
One Thing Missing in Planned Downtown Phoenix Mega-development: Affordable Housing
A proposed new development slated for a prime piece of property in downtown Phoenix has almost everything: Apartments, student housing, office space, retail, restaurants, a hotel and a grocery store. One thing it doesn’t have: Housing options for people who make less than $50,000 a year. The lack of affordable and workforce housing options in Phoenix’s downtown core…»