Commercial Real Estate & Business News December 2, 2019

Arizona Cities Expected to be Hit by ‘Silver Tsunami’ as Boomers Leave Their Homes Tucson and Phoenix are among the top U.S. cities expected to be hit by the “silver tsunami” or the amount of homes that become vacant as their owners, senior citizens, die or find other living accomodations, according to Zillow research. According to the study, during the next 20 years, 27% of owner-occupied homes nationwide are expected to hit the market due to…»
Phoenix Industrial Development Has Found a Perfect Balance
The Phoenix industrial market has found its perfect balance. The market has one of the most active new construction pipelines in the nation for industrial product, but the development isn’t in danger of surpassing demand. In fact, Phoenix has seen consistent industrial absorption since 2016, giving developers a good forecast of activity and…»
McCarthy Tops Out Mirabella at ASU
McCarthy Building Companies recently celebrated the topping out of Mirabella at ASU, a $167 million, 20-story Life Plan Community being built on the campus of Arizona State University in Tempe, Ariz. The topping-out ceremony marks the placement of the final beam atop the 613,992-square-foot tower and celebrates the achievement of this…»
SkySong Emerges as Conference Destination for Scottsdale
There are many reasons people flock to SkySong in southern Scottsdale – and one of the biggest reasons is its growing reputation as a meeting destination. SkySong now hosts more than 4,500 events each year in its 14,000 square feet of conference spaces, bringing more than 63,000 people into the project and the Scottsdale community. With 16 different…»
Settling the Wild, Wild West
When it comes to finding a new office, there are many choices for businesses, providing they want to be in Phoenix, Scottsdale or the East Valley. The East Valley has dominated for years in office construction and leasing, landing big insurance and professional services companies just during the past couple years. At the same time, the West Valley – or…»