Commercial Real Estate & Business News – January 8, 2018

The Labor Department on Friday released the latest figures on hiring and unemployment, with another gain capping a year of increasing opportunities for U.S. workers. Last month, 148,000 jobs were added, bringing the average over three months to 204,000. The unemployment rate was 4.1 percent, the same as in November. And average hourly earnings grew by 9 cents, to $26.63, bringing the year-over-year increase to 2.5 percent…»

Embattled US retailers had their most cheerful holiday season in at least six years, according to new data and early trading updates. Boosted by bubbling consumer confidence and a healthy jobs market, US shoppers spent 4.9 per cent more during the holidays than they did a year ago, the biggest annual rise since 2011, preliminary data from MasterCard SpendingPulse shows…»

Downtown Phoenix’s skyline could look very different if a number of proposed high-rise developments and other projects come fruition. While developers have proposed plenty of big projects in Phoenix before that never happened, there are a number of new downtown developments under construction or in the development pipeline…»

Arizona, the new $230 million, 360-acre commercial development at bustling Phoenix-Mesa Gateway Airport in the Southeast Valley, promises tens of thousands of new jobs, increased revenues for area cities, and marks a new era in how companies send and receive goods across our southern border…»

Gilbert officials are moving along on two floodwater detention projects that will produce two new parks – including a massive recreation area in a part of the town that has long waited for a substantial area to play. The 272-acre Gilbert Regional Park, located in the Chandler Heights Basin near the southwest corner of Queen Creek and Higley roads, is slowly becoming a reality in a relatively underserved part of the town…»