Commercial Real Estate & Business News – December 9, 2013

Job Growth Likely to Rise Slowly

Arizonans should expect only modest improvement in the job market next year, though that should still place the state among the fastest-growing nationally, several economists predicted… Read more

Great Heart Building 80KSF Charter School at De Rito’s Pavilions

Great Heart Academies is ready to start construction of their 80KSF Archway Classical – Cicero charter school in the Scottsdale Pavilions. Arizona’s original power center, Pavilions has completed a $21M makeover, added new stores and entertainment, and is expanding its use mix with the school… Read more

Walmart to Convert Vacant Phoenix Building into Neighborhood Market Store

Retail giant Wal-Mart Stores Inc. will open another Neighborhood Market grocery store in the Sunnyslope area of Phoenix next year. The Bentonville, Ark.-based retailer will revitalize a vacant building in the Marketplace at Central shopping center at Dunlap and Central avenues. The building has been vacant since 2010… Read more

Unemployment Rate Drops to 7% in November

The US economy added 203,000 jobs to the nation’s payrolls in November, according to Labor Department statistics released on Friday morning, exceeding estimates by some economists that only 180,000 jobs would be created. In addition, the unemployment rate notched down by three-tenths of a percentage point to reach a psychologically satisfying 7%… Read more

John C. Lincoln’s $18 Million North Valley Clinic to Debut

An $18 million health-care clinic in north Phoenix opens to the public on Monday, Dec. 9. The John C. Lincoln Sonoran Health and Emergency Center will house emergency services, medical imaging and breast-health screening. The 40,000-square-foot center is built on 22 acres south of Carefree Highway and north of Dove Valley Road… Read more