Commercial Real Estate & Business News February 26, 2019

Arizona’s Economy: More Signs the Expansion Remains on a Roll (and May be Getting Better)
Arizona’s economy isn’t just rolling along but might actually be picking up steam, according to a couple of new assessments last week. The Arizona Office of Economic Opportunity projected the state will add nearly 166,000 jobs over a two-year period, and a visiting economist speaking in Phoenix said he sees no serious threats to the…»Phoenix Pointe Hilton Resorts Acquired by New York Investor
The Pointe Hilton Squaw Peak Resort in Phoenix has sold for $51.35 million according to Maricopa County records. The 563-room Hilton (NYSE: HLT)-branded resort at 7677 N. 16th St. in Phoenix includes all-suite accommodations, a four-acre waterpark with a lazy river, a full-service spa and fitness center, tennis courts, three on-site…»Meow Wolf Plans Huge Hotel, Art Space for Roosevelt Row
Meow Wolf, the Santa Fe-based arts and entertainment collective that has taken the entertainment industry by storm, announced today the expansion of their creative footprint with a new exhibition and hotel concept in the heart of the Roosevelt Row Arts District in Downtown Phoenix. In partnership with True North Studio and in the…»Four Homebuilders Under Contract to Finish 2,000-Acre Community in Gilbert
Four homebuilders under contract to build the final 110-acre neighborhood at the 2,000-acre Morrison Ranch in Gilbert could begin working on pre-construction improvements this year. If they do, the last of the 350 homes on Morrison Ranch could begin sales in early 2021, said Howard Morrison, a partner of Morrison Ranch. “There’s not much…»Report: Valley Fastest-Growing Medical Office Market in US
Spurred by a rapid population growth and a changing industry, the Valley is the fastest growing market for medical office space in the U.S. According to a 2018 report from CBRE, Phoenix led the nation in medical office net absorption, the rate at which medical office businesses are added to the market against those that left, between…»