Commercial Real Estate & Business News August 6, 2019
Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the savviest owners in the food business.He’s been nominated 11 times for the James Beard Award as Outstanding Restaurateur, and he has been featured on the Power List at Nation’s Restaurant News. His restaurants […]
Commercial Real Estate & Business News August 5, 2019
Developers in Phoenix Attempt to Keep Up With Office Demand Fueled By Job Growth The Phoenix office vacancy rate dropped to the lowest in 12 years, thanks to robust job growth that is fueling demand for office space. As cited in the latest Phoenix Office Webinar, metro-wide vacancy compressed to 12.2% as net absorption outpaced conservative […]
Commercial Real Estate & Business News August 2, 2019
Microsoft to Build World-Class Sustainable Datacenters and Invest in Solar Power in Arizona Microsoft announced Arizona as the location for the development of three new world-class datacenter campuses to support the growing demand for cloud and internet services in Arizona and across the Western United States. Microsoft intends to develop the datacenter campuses in El Mirage […]
Commercial Real Estate & Business News August 1, 2019
Fed Approves its First Rate Cut Since 2008, Dow Plunges as Chairman Powell Speaks The Federal Reserve cut its key interest rate by one-quarter of a percentage point Wednesday, marking the first such reduction in 11 years and providing an extra boost to the domestic economy as it faces the headwinds of a global economic slowdown. […]
Commercial Real Estate & Business News July 31, 2019
California Businesses are Heading to Arizona Arizona is open for business, a fact becoming more apparent with each new company setting up shop in the state.Arizona Governor Doug Ducey says, “burdensome regulations and crippling costs” are driving both large and small businesses to move to Arizona and take advantage of the state’s innovative-friendly regulation, low taxes,…» […]
Commercial Real Estate & Business News July 30, 2019
Rising Home Prices In Southwest Still Outpace Rest Of Country Home prices continue to rise nationwide. Numbers just released for May show Arizona and Colorado lead the nation in housing price gains. Compared to May 2018, housing prices are up 5% year over year. That’s according to the latest monthly House Price Index from the Federal […]