Commercial Real Estate & Business News August 10, 2018
Big-Box Retailers Come Up with Small Concepts to Grow in a Changed Landscape The old adage that “everything’s bigger in Texas” gets thrown around a lot. However, that’s not necessarily the case for Walmart as it’s testing a small-format store concept in the Dallas-Fort Worth market. The big-box retailer is building 3,000-sq.-ft. convenience stores with […]
Commercial Real Estate & Business News August 9, 2018
New York Investor Blackstone Snatches up $898 Million in Metro Phoenix Real Estate One of world’s largest real estate investors just went on an apartment-buying spree in metro Phoenix, purchasing six apartment complexes for almost $311 million. New York-based Blackstone Group closed on the apartments spanning from Surprise to Chandler on Monday, according to public […]
Commercial Real Estate & Business News August 8, 2018
Shea Homes Plans to Invest $122M to Build 2 New Communities Shea Homes is investing $122 million to develop two communities in the East Valley. Plans call for investing $110 million to continue building more homes at Gateway Quarter near Ellsworth and Germann roads in Queen Creek. The homebuilder initially bought 540 home sites and […]
Commercial Real Estate & Business News August 7, 2018
Arizona Expected to Gain 500,000-plus Jobs, 1 million Residents by 2026 Arizona’s job growth is expected to outpace the nation over the next several years, and most of the gains will occur in metropolitan Phoenix, a report released Thursday forecasts. The state’s population also is expected to grow by 1 million residents over the same time period. […]
Commercial Real Estate & Business News August 6, 2018
Job Growth Continues the Longest Streak of Employment Gains Recorded Employers added 157,000 net new jobs in July, the nation’s 94th consecutive month of jobs gains, according to Friday’s national employment report released by the Labor Dept. Although July’s jobs report was weaker than analysts expected, both May and June job numbers were revised upwards by 59,000, […]
Commercial Real Estate & Business News August 3, 2018
The Best and Worst Places to Rent in America Roughly 43 million Americans have made the decision to rent rather than purchase their homes, due to convenience, cost, or both, according to personal-finance website WalletHub. While there may be a variety of factors that go into the rent-versus-buy decision, it usually comes down to price. […]