Commercial Real Estate & Business News July 3, 2018
Sky Harbor Area, Southeast Valley to get Nearly 3 Million Square Feet of Industrial Development When developers started seeking out Chris McClurg and Ken McQueen to look at potential sites to reuse or build industrial developments, the two knew the tide was turning in the industrial market. Since then, the two Lee & Associates brokers, […]
Commercial Real Estate & Business News July 2, 2018
Maracay Homes Investing $50M in South Mountain Master-planned Community Maracay Homes is investing $50 million to develop a master-planned community bordering South Mountain. The Scottsdale-based home builder paid $12.1 million for 70 acres, following a purchase last year of 83 acres for $10.5 million. Plans call for a total of 394 homes along Dobbins Road, […]
Commercial Real Estate & Business News June 29, 2018
Most Metro Areas See Declining Unemployment Unemployment rates were lower in May 2018 than a year earlier in 350 of the 388 U.S. metropolitan areas, higher in only 20 areas, and unchanged in 18 areas, the Bureau of Labor Statistics reported on Wednesday, June 27. Ninety-six areas had jobless rates of less than 3 percent-the […]
Commercial Real Estate & Business News June 28, 2018
SIOR Reports Strong Outlook for Growth in 2018 The First Quarter 2018 SIOR Commercial Real Estate Index rose to its highest value since its creation in 2005, according to the Society of Industrial and Office Realtors. With a value of 100 on the index indicating a balanced market, the national index closed the first quarter […]
Commercial Real Estate & Business News June 27, 2018
Economy Watch: Second Half of ’18 Should See Strong Economy T. Row Price’s Midyear Market Outlook, which was released on June 25, is predicting “favorable” economic conditions for the rest of the year, though volatility is likely to continue. High valuations across most global asset classes and a range of economic and policy risks-including the […]
Commercial Real Estate & Business News June 26, 2018
San Tan Valley Golf Course to Become $80M Commercial, Residential Development A San Tan Valley golf course will soon make way for a master-planned community, which plans to bring restaurant and retail choices that have been desired by residents to the far southeast Valley. Fortis Development and Queen Creek XVIII will create the Ironwood District […]