Commercial Real Estate & Business News December 16, 2019

Power of the Pause: Are We in the Age of the Mini Recession? There seems to be a common consensus these days that we are due for a recession. It’s understandable why many may believe this: Over the past 40 years, the U.S. has experienced a recession approximately every 10 years (1980-82, 1990-91, 2001, 2008-09). There are numerous factors that cause a recession, and the duration of an economic expansion is…»
Phoenix Ranks 9th in Nation for Best City to Start a Business
Phoenix will ring in the New Year as the ninth in the nation for the best city to start a business, according to Inc. magazine. Based on data analyzed by the magazine to create its 2020 Surge Cities index, Phoenix’s low cost of living and low regulations pave the way for new businesses to thrive. “Like a lot of the places on this year’s list, Phoenix is benefiting…»
In Phoenix’s Surging Rental Market, a New Post-Recession High
A year-old luxury apartment building just set a new pricing record in the rental stronghold of greater Phoenix. Formerly known as Alta Drinkwater, the 277-unit complex in the Old Town neighborhood of Scottsdale, Arizona, sold for $96.1 million – or $347,000 a unit. It has been renamed The Griffin Apartments. That per-apartment price is the…»
Hines Plans Luxury Multifamily Build in Phoenix
Hines is planning a new luxury apartment development in Downtown Phoenix. Adeline, as it will be called, will break ground in January, and upon completion, will be 25 stories and total 379 units. The property will feature an urban courtyard, junior Olympic-size swimming pool, and clubhouse, providing luxury living at its finest in…»
Ducey Will Help Open Historic Loop 202 South Mountain Freeway
Governor Doug Ducey will kick off the opening of the Loop 202 South Mountain Freeway in Phoenix on Wednesday, December 18, marking the culmination of the largest single freeway project in state history – finished three years early and with $100 million in savings through an innovative partnership .Joining Governor Ducey for the announcement at the…»