Commercial Real Estate & Business News – December 11, 2017

Total U.S. payroll employment rose by 228,000 in November, the Bureau of Labor Statistics reported on Friday. That’s a bit less than in October, when the revised number of net new jobs was 244,000, but more than the monthly average for 2017 so far, which is 174,000 per month (and 2016, when the monthly average was 187,000)…»

Sources interviewed at the conference said they were optimistic about retail’s reinvention in the year ahead, now that most “retail apocalypse” talk seems to be in the rearview mirror. In 2018, answering a community’s needs will be the focus at both malls and strip centers nationally, as those landlords pursue re-tenanting and reinvesting…»
Boarded-up buildings and weed-filled vacant lots were the norm in metro Phoenix’s oldest historic neighborhood not too long ago. Now, the 100-plus-year-old Roosevelt District in downtown Phoenix has evolved before our eyes into Roosevelt Row, one of the most popular neighborhoods in not only metro Phoenix but the U.S…»

The two-story building, constructed in 2003, contains three roll-up doors and sits just west of the 126-acre General Dynamics Mission Systems campus. Located one mile west of the Pima Freeway and two miles north of the Red Mountain Freeway, the property is served by three bus lines operated by Phoenix’s Valley Metro system. A number of retail centers and restaurants are in the immediate area…»

The 22-mile South Mountain Freeway “will provide a direct link between the East Valley and West Valley and a much-needed alternative to Interstate 10 through downtown Phoenix,” according to the department…»