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PHOENIX – Figures for real personal income growth across America for 2016 were released by the Bureau of Economic Analysis and the study showed that Arizona had a top 10 growth rate in the country. Personal income in Arizona rose by 2.6 percent, up from the 1.1 percent national average, according to the study…»
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A state-of-the-art senior-living community will enter the metro-Phoenix market this winter when The Statesman Group breaks ground on the $50 million, 287,000 square-foot facility, The Manor Village of Desert Ridge. This is the second Ariz. location for The Manor brand and 12th among Statesman’s Canadian and U.S. portfolio…»
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Engineering consulting firm EPS Group, Inc. has completed a long-term lease that will relocate and expand the company’s main office into the newest building at Waypoint, a Harvard Investments and Lincoln Property Company (LPC) development totaling four buildings and almost one-half-million square feet of Class A office space in the Riverview mixed-use district in Mesa, Arizona…»
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With continually rising housing prices, residents of the Golden State are waking up from their California dreamin’ and looking to move somewhere more affordable. It’s no surprise Phoenix is one of the top destinations, according to a recent report from real estate website Trulia, which analyzed users from San Francisco, San Jose, Los Angeles and San Diego where homes on the market averaged $720,000 in March 2017…»
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After years of equilibrium between supply and demand in Phoenix, the latter is starting to outpace the former. Multifamily vacancies have compressed by more than 100 basis points so far in 2018, dipping to all-time lows. Plenty of units are under construction and could put upward pressure on vacancies; however, many developers are having difficulty meeting construction timelines…»
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