Commercial Real Estate & Business News January 10, 2019

Fervent Investor Demand for Phoenix Industrial Properties Fuels Record Prices, Sales Volume in 2018
In 2018, Phoenix’s fast-growing population, low cost of doing business and proximity to California and Mexico generated plenty of investor interest in warehouse and industrial facilities as nearly $2.2 billion in property traded hands, an all-time high for the market and an increase of approximately 65 percent from 2017…»
Phoenix Becoming Hot Destination for Office Investors
Foreign interest in the Valley has increased The Phoenix area saw $2.6 billion worth of office assets change hands in 2018, but experts say there is still plenty of runway for prices to grow. Chris Marchildon, a vice president of CBRE Capital Markets, Institutional Properties in Phoenix, said 2018 was on par with what office…»
Phoenix Saw Second-Highest Employment Growth in 2018
Employment in the Phoenix area grew 4.2 percent during 12-month period that ended Nov. 30, 2018 – the second highest percentage growth of all metros nationwide…»
Six Arizona Restaurants Among Yelp’s Top 100 Places to Eat in 2019
They aren’t the fanciest or trendiest restaurants around, but they aren’t to be missed. Business review website Yelp included six Arizona dining establishments on its 2019 list of the top 100 places to eat in the United States: Worth Takeaway, Kodo Sushi, Homer’s Smokehouse BBQ, Cocina Madrigal, Momo Bowl and Not Your Typical Deli…»
‘Experiential Retail’ Increasingly Serves as Hot Topic for Real Estate Companies
Even in this new year, “experiential” is likely to remain the buzzword for the retail industry. And the hot topic has sparked exponential interest in the real estate world, as well. Experiential retail is the term for activities — such as dining, exercise, theater, and services such as massages and hair styling — that can’t be done online, so they draw a consumer to a mall or shopping center…»