Commercial Real Estate & Business News – April 15, 2016

It’s no secret that foreign investors, from sovereign wealth funds to insurance groups, have been eager to park their money in U.S. commercial real estate lately. A new report from commercial real estate services firm Newmark Grubb Knight Frank breaks down exactly how much money was spent, who was spending it and what they were spending it on in recent months… Read more »
Investment Property Associates and real estate developer The Rockefeller Group recently announced the opening of phase two at their Liv Northgate apartment community in Gilbert. They are now leasing new floor plans and featuring a number of added amenities… Read more »
The latest job growth rate, 3.2 percent, easily topped the nation’s 2 percent. That’s a welcome change from much of the past four years, when Arizona couldn’t muster much better than the national rate… Read more »
The Arizona Coyotes’ expected exit from Gila River Arena in Glendale could land the National Hockey League team in partnership with Arizona State University at a new arena development at ASU Karsten Golf Course in Tempe… Read more »
It looks like light rail isn’t coming to Scottsdale anytime soon — or ever, according to a report in the Arizona Republic. The swanky suburb’s city council gave direction to city staff to remove a trio of proposed light rail routes from Scottsdale’s transportation master plan, which guides city policy for roads, trails and public transit such as buses and trolleys, reports the Republic… Read more »