Commercial Real Estate & Business News October 1, 2018
Mixed-Use Project Proposed for Vacant Mesa Retail Center The Mesa City Council will weigh in on a proposed 16-acre redevelopment plan known as Fiesta Village at its Oct. 1 meeting. The site, at the northwest corner of Alma School Road and Southern Avenue, currently is a vacant retail center. Plans submitted to the city propose […]
Commercial Real Estate & Business News September 28, 2018
High-Tax, High-Cost States Drive In-Migration in Phoenix Maricopa County, which contains about 90 percent of metropolitan Phoenix’s residents, was the fastest-growing county in the U.S. last year. Strong domestic in-migration continued to drive population growth that more than doubled the national average. In addition to warm weather and a low cost of living, prospective residents […]
Commercial Real Estate & Business News September 27, 2018
Fed Raises Key Rate to Range of 2% to 2.25%, Keeps Forecast for 4 hikes in 2018 WASHINGTON – The economy has been cruising lately and so the Fed is tapping on the brakes once again. Upgrading its economic outlook, the Federal Reserve on Wednesday raised its key short-term interest rate by a quarter point […]
Commercial Real Estate & Business News September 26, 2018
Expert: Workforce Housing, Not Recession, Biggest Issue for Phoenix There are no signs pointing toward an imminent recession in the region, but Phoenix, like many U.S. cities, will have to grapple with other looming issues, such as a shortage of workforce housing, during 2019, according to one local economist. In Arizona, more than 88 percent […]
Commercial Real Estate & Business News September 25, 2018
Phoenix Takes Steps Toward a More Pedestrian-friendly Downtown The city is making strides toward a more pedestrian-friendly downtown in a move to build community and boost business. Phoenix this summer opened a “more walkable” area along First Street just south of Roosevelt Street, where workers widened sidewalks, planted 125 shade trees and narrowed First Street […]
Commercial Real Estate & Business News September 24, 2018
Phoenix, a Big Beneficiary of Data Center Surge Data center activity is surging across the country, and-like other West Coast markets-Phoenix is benefiting from the growth. The market had 32.5 megawatts of net absorption in the first half of 2018, making it the second market in the country to Northern Virginia for data center activity, […]