Commercial Real Estate & Business News April 17, 2019

Who’s Hiring in Arizona? These are the State’s 100 Largest Employers Arizona’s economy is humming these days, and large corporations and nonprofit groups are leading the charge.The 100 biggest employers in Arizona collectively account for more than 528,000 workers, the most ever and equaling about one in five payroll jobs in the state. The table below shows total employees in 2019 and 2018 by industry, ownership…»
Rockwell Partners buys Tatum Place Apartments for $26.15M
Rockwell Partners, a leading Chicago-based real estate investment and property management firm, recently completed the $26,150,000 acquisition of Tatum Place Apartments, a 164-unit, Class B multi-family community located in Scottsdale, Arizona.”We spent 18 months studying the top major metros in the U.S., analyzing those markets and underwriting…»
Phoenix Council Set to Hear Downtown Transit Center Redevelopment Plans
Phoenix City Council will weigh in on the redevelopment of Central Station transit depot at its April 17 meeting.Electric Red Ventures LLC, a company owned by Houston-based Medistar Corp., was chosen during a request for proposal for the high-profile downtown site. It has proposed creating a $231 million, 1.1 million-square-foot mixed-use development on the…»
A Shift Is Coming For Food-and-Beverage Real Estate
A significant shift is underway for the US restaurants and grocery industries and the real estate these operators occupy, according to a new CBRE analysis. These changes include a greater push for convenient, prepared foods, a growing millennial influence, and the emergence of inner-ring suburbs as the industry’s hottest market.In short, new consumer…»
Two East Valley Cities Dominate in Office Leases, Construction
During the first quarter of the year, Valley tenants absorbed more than 1 million square feet of office space, a high the metro area has not seen since the Great Recession.According to JLL’s first-quarter office insight report, tenants signed new leases totaling 900,000 square feet during the first three months of the year, with 78 additional tenants seeking more…»