Commercial Real Estate & Business News – February 9, 2016

Arizona has a unique — and somewhat successful — technology and startup scene. Scottsdale was named in December as one of the best cities to launch a startup, outside of Silicon Valley and New York, by DataFox, a San Francisco-based deal-sourcing and research platform. Companies such as GoDaddy Inc., LifeLock Inc., Limelight Networks Inc., Insight Enterprises Inc. and others have blossomed in the region from startups into publicly traded companies… Read more »
Arizona consumers remained relatively upbeat about the economy in January, though they remained skeptical about the job market in the months ahead, a new poll has found. The latest quarterly consumer confidence index, as measured in the by the Behavior Research Center’s newest Rocky Mountain Poll, came in at 81.6, which was slightly higher than the 81.2 reading in October. The U.S. Consumer Confidence Index, as measured in January by the Conference Board, stood at 98.1… Read more »
According to the report, after experiencing a dip in late 2014, the Phoenix construction market rebounded in 2015. The report also cites that local, non-residential construction employment continued to show positive growth in 2015, according to data from the Bureau of Labor Statistics… Read more »
Nationwide Realty Investors — an arm of Nationwide Insurance — plans on building a third commercial building at its Rivulon development in Gilbert. The planned $750 million development sits on 250 acres at Gilbert Road and Loop 202 in the East Valley… Read more »
Scottsdale’s resorts have been getting multimillion dollar facelifts in the last few months, with hotels like The Hotel Valley Ho, the Fairmont Scottsdale Princess, the Chaparral Suites, the Scottsdale Resort at McCormick Ranch and the Hilton Scottsdale Resort and Villas all going through major renovations. It doesn’t look like the trend is going to slow down anytime soon, now that Classic Hotels & Resorts have acquired the FireSky Resort & Spa…Read more »