Commercial Real Estate & Business News August 16, 2018

Small business owners’ optimism touched a 35-year high in July, with businesses setting records in terms of job creation and hiring, while they cited the availability of qualified workers as their biggest challenge. In another signal of just how good this economy is, the small business owners also noted that they were able to increase prices…»
The hallways are sparse, painted white. Some are seemingly endless stretches of gray, concrete floor.  There are few hints that the Mesa fortress you have stepped into belongs to Apple Inc., the technology behemoth based in Cupertino, California.  The Arizona Republic took a rare tour inside Apple’s 1.3 million-square-foot data center on the corner of Signal Butte and Elliot roads…»
The Churchill, a retail-restaurant project fashioned out of old seaport shipping containers, has set its opening date. The project, along with its 10 local tenants, will open Sept. 1 at the corner of First and Garfield streets in the downtown Phoenix Roosevelt Row arts district. The highly anticipated development seeks to be a new downtown hangout…»
In an effort to keep up with increasing demand, homebuilders are ramping up construction in the Phoenix area. While many worry there’s a danger of overbuilding, one housing analyst isn’t concerned. “We’ve got a good market going, but we don’t have a market going that’s overheating,” said RL Brown, founder of Scottsdale-based RL Brown Housing Reports…»
Half of the top 10 metropolitan markets for commercial and multifamily construction starts showed increased activity during the first six months of this year compared with a year ago, says Dodge Data & Analytics, while the other five metros registered decreases. At the national level, the volume of starts during the first half of 2018 was $101.4 billion, down 1% from last year’s first half…»