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The U.S. economy expanded more than previously reported last quarter on bigger contributions from a range of factors including services spending, intellectual property and construction by state and local governments. Gross domestic product rose at a 3.5 percent annualized rate in the three months ended in September, compared with a prior estimate of 3.2 percent, Commerce Department figures showed Thursday…» |
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A joint venture formed by Oaktree Capital Management L.P. Cypress Office Properties paid $151.25 million ($156.12 per foot) to buy the nearly 1 million-square-foot Renaissance Square office towers in downtown Phoenix. The two-building, 968,790-square-foot office plaza is comprised of the 25-story, 494,004-square-foot One Renaissance Square at 2 N. Central Avenue and the 28-story, 474,786-square-foot Two Renaissance Square located at 40 N. Central Avenue…» |
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Silagi Development & Management (SDM) broke ground on Chandler Airpark, a Class A business park to feature six single-tenant industrial buildings in Chandler, Ariz. Working with LGE Design Build Chandler Airpark located on Douglas Drive, just west of Stearman Drive, is scheduled for completion in April 2017…» |
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A study released this month showed Arizona received a $3.9 billion boost to the economy thanks to golf in 2014. The study, conducted by the University of Arizona and funded by the Cactus & Pine Golf Course Superintendent Association as well as other course…» |
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National prices across the United States increased at their fastest annual pace since 2006, near the peak of the housing bubble, the latest index data shows. Home values are 6.5% higher than in November 2015, according to the Zillow Home Value Index which reached $192,500, just 2% short of the records set in 2007…» |