Commercial Real Estate & Business News December 20, 2018

Phoenix a Top City to Start a Business, According to Inc. Ranking
Looking to launch a business? According to Inc. magazine, Phoenix is one of the best cities to do just that. Working with innovation policy company Startup Genome, Inc. examined the top 50 markets in the U.S. and crunched data on seven key indicators – from early-stage funding metrics to job creation – to create its new Surge Cities Index. The data provided the ranking of the best places…»
Scottsdale’s La Camarilla to be Razed for New Mountainside Gym
La Camarilla, a fitness center landmark for Scottsdale and Paradise Valley, will be torn down to make way for a new Mountainside Fitness center. Controversial water company owner George Johnson is selling the gym built on seven acres at Shea Boulevard and 52nd Street in the early 1980s. “The new gym will be called Mountainside Fitness at La Camarilla in honor of the Johnson family’s…»
Kroger Takes Next Step with Autonomous Home Delivery in Scottsdale (Video)
Kroger Co. (NYSE: KR), the parent company of Phoenix’s Fry’s Food Stores, made another big step Tuesday in the quickly evolving grocery delivery world by launching its service with Nuro’s fully autonomous, driverless R1 vehicles in Scottsdale. Nuro has been doing deliveries from a south Scottsdale Fry’s location since the summer. In November,…»
Secretive Microsoft Project: Goodyear City Council Votes to Rezone Property
The Goodyear City Council voted unanimously Monday to rezone a secretive Microsoft Corp. project documents describe as a “five-building technology center.” The vote followed a Planning and Zoning Commission meeting about the project, which contained little more than a 14-minute staff discussion about the site with no reference to Microsoft by name. Monday’s discussion included …»
Fed Raises Interest Rate for the Fourth Time in 2018
Interest rates are now at their highest levels since 2008. The Federal Reserve raised interest rates Wednesday, marking the fourth such increase of 2018. The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,”…»