Commercial Real Estate & Business News August 20, 2018
9 New Hotels coming to Scottsdale, with Six in Old Town Old Town Scottsdale will get its first new hotel in a decade, plus five more. City planners in metro Phoenix’s tourist hotspot say nine new hotels are in various stages of planning, including one in north Scottsdale, six in Old Town and two farther […]
Commercial Real Estate & Business News August 17, 2018
Consumer Spending is Keeping Retailers Healthy, but for How Long? “Consumers will start seeing higher prices from the steel and aluminum tariffs probably this quarter,” warned one retail analyst. Americans are in shop-til-you-drop mode, buoyed by a series of economic tailwinds that are yielding dividends for retailers. With a rising tide lifting much of the […]
Commercial Real Estate & Business News August 16, 2018
Small Business Optimism at 35-Year High Small business owners’ optimism touched a 35-year high in July, with businesses setting records in terms of job creation and hiring, while they cited the availability of qualified workers as their biggest challenge. In another signal of just how good this economy is, the small business owners also noted […]
Commercial Real Estate & Business News August 15, 2018
3 Valley Cities Each Have 1,000-Plus Homes Approved for Construction More than 11,000 single-family permits have been issued by municipalities throughout metro Phoenix during the first six months of the year, an increase of 18 percent from a year earlier. Phoenix had the most with 1,955 permits to build homes through June, a 48 percent […]
Commercial Real Estate & Business News August 14, 2018
Multifamily Rent Growth Heating Up in Phoenix Phoenix continues to be a mainstay on the national list of top markets for rent growth. At the end of 2018’s second quarter, the Valley’s rents grew 5.7 percent year-over-year for the third-best mark in the nation after other Sun Belt metros, Orlando, 6.9 percent, and Las Vegas, […]
Commercial Real Estate & Business News August 13, 2018
Arizona GDP Growth Outpaces National Rate Arizona’s gross domestic product grew by 2.5 percent in the first quarter of 2018, driven by increases in real estate and retail trade, according to a report from the Bureau of Economic Analysis. The BEA report, released last month, said finance and insurance, health care, and durable goods manufacturing […]