Commercial Real Estate & Business News July 31, 2019

California Businesses are Heading to Arizona Arizona is open for business, a fact becoming more apparent with each new company setting up shop in the state.Arizona Governor Doug Ducey says, “burdensome regulations and crippling costs” are driving both large and small businesses to move to Arizona and take advantage of the state’s innovative-friendly regulation, low taxes,…»
$1B Development Could Revive Midtown Phoenix, Steele Indian School Park
Six high-rise towers may soon replace a long-vacant plot of land at the northeast corner of Indian School Road and Central Avenue in Phoenix – a project that supporters call a first of its kind in Arizona. The planned development, dubbed “The Central Park,” calls for more than 2 million square feet of development on the…»
Microsoft Shares Additional Details About How Arizona Data Centers Will Create 110 Jobs
Technology giant Microsoft on Tuesday gave some additional details about three data centers planned for the West Valley that will support the growing cloud storage demand in the Phoenix area and the western United States. The company also will invest in solar power and water conservation projects as part of the development. Arizona…»
New York Investor Makes Arizona Debut with Multifamily Acquisition
Bluerock Residential Growth REIT Inc., a New York-based real estate investment trust, has made its first purchase in Arizona, doling out $141.3 million for apartments in Scottsdale. The REIT bought the Denim Scottsdale apartments at 7701 and 7791 E. Osborn Road, from Osborn Continental Fee Owner LLC, which traces to…»
Supply Meets Demand: Converting Office Space to Multifamily
In a competitive job market, employers pay close attention to workplace trends that might help them attract and retain the best talent. Finding office space with natural light and a flexible layout allows companies to design an environment that will prove attractive both to employees and to potential clients. As new offices with…»