Commercial Real Estate & Business News July 19, 2019

West Valley Redefines Itself As a Catalyst for Innovation, Economic Growth Long, long ago in a region many Phoenicians perceived as far, far away, the West Valley was considered … well, perhaps in need of some polish. But it didn’t take a rebellion to change this perception. It took revitalization, rebranding and relaying a more accurate, updated story. Today, the West Valley story involves new locates such as…»
Multifamily Rent Growth Gets Serious
June was an inflection point for US multifamily rent growth, according to new figures by Yardi-Matrix. Following several months this year of slow rent growth, rents rose robustly in the second quarter by $12 to reach $1,465, the company says. Average rents increased by 2% in the second quarter of 2019, and they are up 2.6% so far…»
Phoenix Overtakes NYC in Top 10 Best Cities for Start-Ups
Each year, start-ups create most of the new jobs in the country, having a direct impact on the economies of the cities they choose as their homes. In COMMERCIALCafé’s latest study, it ranked the 10 best cities for start-ups for three population brackets – below 500,000, 500,000-1 million, and over 1 million. COMMERCIALCafé scored…»
Food Halls in U.S. Malls are Thriving, but is There Fear of Oversaturation?
There’s been an explosion in the number of food halls across the U.S., and some experts say it’s not about to slow down anytime soon. In fact, activity is ramping up. A new report by commercial real estate services firm Cushman & Wakefield predicts there will be about 450 food halls open across the country by the end of…»
Integrated CBD Opens First U.S. Manufacturing Location in Phoenix
Integrated CBD signed a 155,000-square-foot lease at HUB 317 in Phoenix, which will serve as the institutional cannabidiol oil and isolate supplier’s first U.S. manufacturing location. Slated to take occupancy in the fourth quarter of 2019, the company plans to hire approximately 100 employees at the 225,157-square-foot facility. The HUB 317 flex…»