Commercial Real Estate & Business News June 6, 2018
10 Local Restaurants and Retailers to Open at the Churchill Project in Downtown Phoenix this Summer As it inches closer to opening, the Churchill announced a list of tenants that will call the downtown Phoenix development home. The Churchill, which is being fashioned out of old seaport shipping containers at Garfield and First streets near […]
Commercial Real Estate & Business News June 5, 2018
Personal Income in Arizona Rising Faster than National Average PHOENIX – Figures for real personal income growth across America for 2016 were released by the Bureau of Economic Analysis and the study showed that Arizona had a top 10 growth rate in the country. Personal income in Arizona rose by 2.6 percent, up from the […]
Commercial Real Estate & Business News June 4, 2018
U.S. Unemployment Rate Fell to 3.8% in May; Economy Added 223,000 Jobs The Labor Department released its official hiring and unemployment figures for May on Friday, providing the latest snapshot of the American economy. 223,000 jobs were added last month. Wall Street economists had expected an increase of about 190,000, according to Bloomberg. The unemployment rate […]
Commercial Real Estate & Business News June 1, 2018
TruAmerica Joint Venture Pays $75.1M for Tempe Apartments A joint venture between TruAmerica Multifamily and funds managed by Oaktree Capital Management L.P. paid $75.1 million for a Tempe apartment complex. The 424-unit Galleria Palms, 1600 W. La Jolla Drive, is near U.S. 60 and Interstate 10 in an area seeing unprecedented job growth. Tyler Anderson, Sean […]
Commercial Real Estate & Business News May 31, 2018
CRE Defies Rising Tide of Global Debt Levels The International Monetary Fund (IMF) has been sounding warning bells about the high levels of global debt. But U.S. commercial real estate has been defying that trend, which could make the sector even more attractive as a “safe haven” for global capital.…» EXCLUSIVE: Scottsdale Developer Bringing $50M […]
Commercial Real Estate & Business News May 30, 2018
Phoenix, Buckeye Among Fastest-Growing Cities in U.S. Two Arizona cities were among the fastest-growing in the nation in 2017, according to population estimates released Thursday by the Census Bureau. The bureau’s “2017 City/Town Population and Housing Unit Estimates” said Phoenix saw the second-biggest increase among cities in nation, adding 65,852 new residents over the course of the […]