Commercial Real Estate & Business News May 9, 2018
Ryan Companies and Cadence Senior Living Reveal New Project Mesa, Ariz. – In partnership with Cadence Senior Living, Ryan Companies US, Inc. is designing, developing and building Azure (\ˈa-zhər \) Mesa, an upscale senior living community with an “age-in-place” model that will accommodate a total of 170 private pay, market-rate units. The joint-venture project will […]
Commercial Real Estate & Business News May 8, 2018
Phoenix Remains One of Best Multifamily Markets for Rent Growth It is becoming common to see Phoenix rank among the top rent growth markets in the nation for multifamily. In CoStar’s most recent quarterly update, the Valley of the Sun’s 4.6 percent year-over-year gains were sixth-best among major U.S. metros, trailing only Orlando, Las Vegas, […]
Commercial Real Estate & Business News May 7, 2018
The U.S. Unemployment Rate Is Now the Lowest It’s Been This Century U.S. hiring rebounded in April and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department […]
Commercial Real Estate & Business News May 4, 2018
Economy Watch: Demand for Construction Workers Rises The national construction unemployment rate was 7.4 percent, the lowest national March rate on record. At the same time, the construction industry employed 246,000 more workers this March than in March 2017, ABC reported…» Small Businesses Making a Big Mark in the Phoenix Area Small businesses make up […]
Commercial Real Estate & Business News May 3, 2018
Expansion in Arizona Economy Fuels Job Growth in Key Industries Employment is on the rise in Arizona and nearly every industry of the state’s economy is adding jobs every month, according to a Regional Intelligence Report presented at the recent Alliance Bank of Arizona 2018 Economic Forum. From January 2017 to January 2018, mining […]
Commercial Real Estate & Business News May 2, 2018
Multifamily Investment in Phoenix off to Blistering Start Rising interest rates and all-time high prices have not curbed the bullish outlook of apartment investors in Phoenix. In what has historically been one of the slowest quarters for investment, this year’s first quarter sales volume was at its highest mark in more than a decade, […]