Commercial Real Estate & Business News February 19, 2019

CRE Investors Start Putting Money Behind Defensive Strategies
Investors appear to be keeping the foot on the gas in terms of acquisitions. According to research firm Real Capital Analytics (RCA), investment sales volume jumped 15 percent year-over-year in 2018 to reach $562.1 billion. But some investors are clearly retooling strategies to account for slowing growth and late-cycle risks.…»
Scottsdale Group to Open 3 Restaurants at Peoria Development
A Scottsdale group is bringing three new restaurants to Peoria as part of a commercial center’s $4 million renovation. Maggiore Group will open the Sicilian Butcher, the Sicilian Baker Cannoli Bar and Market and Hash Kitchen at the Park West development on Northern Avenue west of Loop 101…»
The Best U.S. Cities for Jobs Right Now
The U.S. job market is continuing to stay strong across various industries, in large part due to a 4.0% unemployment rate and the labor force participation rate at 63.2% (its highest mark since 2013). And the top city for jobs in the U.S. currently is Scottsdale, Arizona…»
Casa Grande preparing for Lucid’s high-dollar Arizona car factory
Electric-car startup Lucid Motors plans to break ground within months on a massive Casa Grande factory expected to produce its first car before the end of 2020, a company official said Friday. The ambitious plans for a factory that will employ about 745 people in its first phase would be a major boon for the Pinal County economy, should the plans come to fruition.…»
Z Modular signs 222,000 SF lease in Chandler
Z Modular, a division of Zekelman Industries, has signed a 222,000 square foot lease at 6205 S. Arizona Ave. with a 10-year term. Z Modular is a manufacturer of prefabricated steel structures for commercial buildings. The modular structures are constructed in-house with final assembly occurring on-site, where the steel modules are stacked and connected together. …»