Commercial Real Estate & Business News – April 12, 2016

The office building is within the Fiesta District–an area undergoing a $500 million redevelopment boom, and in walking distance to approximately 55 restaurants and four hotels… Read more »
The Phoenix metro was among the top third in plummeting unemployment rates in February 2016, according to the Bureau of Labor Statistics. Of the nearly 390 metropolitan areas in the U.S., the metro tied for 116th with a 4.6 percent unemployment rate… Read more »
Old Town Scottsdale has a lot going on that is, decidedly, not old. In fact, its food, nightlife, and shopping options, as well as the many festivals that take place there, are perfect for a Millennial crowd on the lookout for all things new and trendy. The city is also especially well suited to cater to wine lovers, with many wine bars — including those selling local wines — all over town. Millennials into the art scene (check out the ArtWalk) and those who love spending time outdoors (don’t miss the Cholla Trail) will also find Scottsdale to be a perfect spot to spend some time or settle down… Read more »
The Park is a street food bar and craft beer garden that is set to debut summer 2016 in Downtown Phoenix’s Collier Center. The Park is a hub to a rotating food truck and chef line-up, indoor brew garden with a well-curated list of hyperlocal hops, and live music venue. Covering 11,000 square feet of brick-and-mortar space is an outdoor-turned-indoor community concept with elements of a park such as a backyard picnic-inspired dining space with communal tables and high-end lounge seating, green foliage, tree-canopied garden and a nightlife playground…Read more »
Louisville, Kentucky-based Kindred Healthcare Inc. (NYSE: KND) has opened a $20 million transitional care facility in downtown Phoenix. Called Kindred Transitional Care — Phoenix, the 120-bed facility is Kindred’s third inpatient facility serving the Phoenix area, bridging the gap between hospital and home… Read more »