Commercial Real Estate & Business News – July 3, 2014

New research from CareerBuilder and Economic Modeling Specialists looked at the total job growth across industries for each of the 50 most populous U.S. metros from 2010 to 2013. Each metro’s actual job growth was compared to what would have been expected for that metro based on national job growth trends during that same time period. The difference between the two measurements is the competitive effect, i.e., how much the metro is exceeding, matching or falling behind national job growth trends because of something unique to that metro’s regional economy… Read more
Home sale prices statewide are up 8.8 percent compared with last year and 8.5 percent in the Phoenix area, but still have a long ways to get back to pre-recession values… Read more
A joint venture formed by Trammell Crow Co in Scottsdale plans to develop 219,521 sq. ft. of general industrial space within the Spectrum Ridge at Deer Valley commerce park in north Phoenix. Trammell Crow will develop the spec project in a venture with Principal Financial Group… Read more
Pacific Realty Advisors will break ground this year on a 211,505-square-foot, two building industrial project on the northwest corner of Broadway Road and Dobson Road in Mesa. The 16-acre project includes a 147,670-square-foot warehouse/distribution building and a 63,835-square-foot general industrial building… Read more
California real estate developer Joaquin Charles de Monet has acquired a Chandler office building in a $13.9 million sale. Monet’s Palisades Capital Realty Advisors acquired the 67,600-square-foot building from another California firm, Held Properties Inc… Read more