Commercial Real Estate & Business News – August 21, 2017

In June, the Fed voted to raise interest rates for the second time this year. The first rate hike occurred in its March meeting, just after deciding to raise rates three months before in December 2016. Williams explained that as the economy continues to improve, it doesn’t need as much help from the Fed…»


When it comes to the revitalization of downtown Phoenix’s nightlife, there have been many players – Modified Arts, the Trunk Space, the Lost Leaf – but Charlie Levy and Tucker Woodbury have drawn the most attention as of late. Woodbury is out front, willing to talk about his ventures as a partner at Genuine Concepts, which runs almost 20 bars and restaurants throughout the Valley, including the Vig and Cobra Arcade Bar in downtown Phoenix…»

Glendale will see more economic opportunities by way of 1,400 acres undergoing annexation into the city. City Council is expected to approve the annexation later this year. Planning Commission is holding a special workshop this Thursday on a proposal to rezone the land generally located north of Northern Avenue, south of Peoria Avenue, west of 143rd Avenue and east of Reems Road…»

The Opus Group (Opus) announced today plans to build a speculative industrial project in the Longbow Business Park and Golf Club in Mesa. Construction on the 147,672-square-foot project, named Longbow Gateway One, is slated to begin this month, with project completion scheduled for January 2018…»

Nearly 10 years out, the Great Recession’s effects can still be felt in households around the country, perhaps especially in renter households, which are at their greatest number since 1965, notes the Pew Research Center…»v