Commercial Real Estate & Business News – December 10, 2014

Phoenix: A Sunny Outlook

Employment and real estate bounce back from the depths of the Great Recession: Phoenix stands as the exception to the still-dreary economic news coming out of Arizona. Unemployment has fallen to 6%, the real estate market has mostly rebounded… Read more »

Snoozing and Losing: Dearth of Shovel-Ready Development Hurts Phoenix Rebound, Business Attraction

The Phoenix market faces a number of challenges in the slow recovery of of its real estate and job markets. One of those is a lack of speculative and shovel-ready office and commercial development expanding and relocating businesses can move into right away… Read more »

Wood Partners to Develop 220-Unit Apartment Complex Downtown

A venture formed by Wood Partners plans to develop 220 apartments at the southeast corner of N. 7th Avenue and W. Fillmore Street in downtown Phoenix… Read more »

Two Initiatives Focusing on Drawing Restaurants to Mesa Downtown Area

Downtown Mesa restaurants, or the lack thereof, are becoming a focal point as a couple of initiatives are moving to attract new eateries to the area. Getting more choices for food along the new light rail corridor is a popular goal among those concerned about the economic good of the sector… Read more »

Raintree Project in Scottsdale Airpark Could Start in 2016

Construction on a $39M project to improve traffic flow in the Scottsdale Airpark could begin in 2016, two years later than earlier estimates. The Raintree Drive extension project will forge a better and more direct connection along Raintree between Scottsdale Road and Loop 101, project officials said. The improvements, which call for roundabouts at five intersections, would help relieve gridlock along busy Frank Lloyd Wright Boulevard and other congested areas of the Airpark… Read more »