Commercial Real Estate & Business News – April 25, 2014
Office Recovery Hits Halfway Point as Demand for Space Spreads Across More U.S. Markets The U.S. office recovery continued to hum quietly along in the first quarter, absent any dramatic surges or spikes. As a result of the measured pace of increasing tenant demand, the national office vacancy rate remained unchanged from the previous quarter […]
Commercial Real Estate & Business News – April 24, 2014
Parcel Sold At Scottsdale Airpark Once Planned For 150,000-Square-Foot Office-Hangar A 9.5-acre parcel with taxi-way access at Scottsdale Airpark that was once planned for a 150,000-square-foot office-hangar has been sold for $8.325 million. Maricopa County records show Boeing V LLC in Phoenix paid cash to buy the site. The seller was Phoenix Dragon Fei LLC […]
Commercial Real Estate & Business News – April 23, 2014
Phoenix Retail Market Goes From Bleak to Bright When the recession was in full swing, one of the markets that took the biggest hit was Phoenix. Residential and commercial real estate were overbuilt in the market, and the retail sector became a casualty. That’s all changing now, as retailers are starting to expand into the […]
Commercial Real Estate & Business News – April 22, 2014
Changing Market Creates New Challenges For Corporate Real Estate Advisers As the global marketplace evolves faster than ever before, corporations are viewing their real estate holdings as an increasingly important factor in their profitability and strategic growth. Many directors and managers who advise corporations on their real estate decisions are experiencing this shift… Read more […]
Commercial Real Estate & Business News – April 21, 2014
Arizona’s Construction Sector Shows Modest Job Gains In March Arizona construction industry employment ticked up by 2.5 percent year-over-year in March, accounting for 3,100 jobs gained during the period, according to a Associated General Contractors of America report released today. Arizona ranked just 26th in the nation for construction sector job growth… Read more GE […]
Commercial Real Estate & Business News – April 18, 2014
Hayden Ferry III Commences Construction Construction is under way on Hayden Ferry III, a 261,000 square foot, Class A development in the Tempe submarket of Phoenix. Hayden Ferry III will be the final phase in Parkway Property’s 780,000 square foot master planned office community. The 10-story property will be located along the south shore of […]