Commercial Real Estate & Business News June 26, 2019

Retail Sales Increase in May; April Sales Revised Higher Shoppers ramped up their spending in May. And April sales were better than previously indicated. Retail sales rose 0.5% in May over the previous month and increased 3.2% year-over-year, according to the National Retail Federation (NRF). The NRF numbers, which exclude automobile dealers, gasoline stations and restaurants, are based on data from…»
Arizona Surpasses 300,000 Jobs Added Since 2015
Arizona’s booming economy has added more than 300,000 new jobs since 2015 according to a new employment report released recently by the Arizona Office of Economic Opportunity (OEO). Since 2015, Arizona has added 310,400 new private sector jobs (seasonally adjusted, nonfarm). Over the last year, employment has increased by…»
Gilbert is Named ‘Best City for Business’
At the Arizona Chamber of Commerce and Industry Annual Awards Luncheon last week, the Chamber awarded the Town of Gilbert the “Best City for Business” in recognition of its pro-business initiatives and ongoing economic development efforts. The award, which was sponsored by Cox Communications, was accepted onstage at…»
ORION Facilitates Sale of Leading Edge Academy Anchored Shops
Located in the highly desirable town of Gilbert, on the southeast corner of Cooper and Ray Roads, Cooper Square sold for $2,827,500 ($183 per square foot).  Comprised of two multi-tenant shop buildings totaling 15,462 square feet, the shop buildings are anchored by Leading Edge Academy, a K-12 Charter School, and…»
How The Gig Economy Is Shaping The Commercial Real Estate Sector
Urbanization is upon us. Millennials and Gen-X’ers are finding that life in the city is simply more attractive and convenient than their parents found life in the suburbs. And big urban metropolis are responding by forging out green space, adding more residential real estate and improving overall infrastructure. As Millennials are now the…»