Commercial Real Estate & Business News – March 11, 2016

In his most recent letter to Berkshire Hathaway shareholders, Warren Buffett commented that politicians’ views of America’s future are “dead wrong.” Buffett believes that not only are we going to leave our children with an even better America than the one we inherited, but America’s economy will continue to grow and prosper for generations to come. Here are the details of Buffett’s optimistic commentary, and what it means to you as an investor… Read more »
Investors should keep the office sector on their radars, as metrics from a number of research and investment firms point to a strong performance in the years ahead. Vacancy will decrease nationally just as new office development will begin to accelerate—but new development will not stem dropping vacancy rates. The National Association of Realtors (NAR) predicts office vacancies will continue dropping through 2016 and 2017, from 13.4 percent in the fourth quarter of 2016 to 12.7 percent by 2017… Read more »
Arizona companies and governments added a net total of 78,100 jobs in January compared to last year, according to new numbers from the Arizona Department of Administration. The year-over-year gains were still not enough to top the peak employment month of October 2007, but took the state much closer to at last reaching a full jobs recovery from the recession… Read more »
The city’s center is already experiencing a boom of its own, with $500 million in current construction and more than $4 billion total investment since 2008, according to the Greater Phoenix Economic Council. The Warehouse District, an area just south of downtown, is finally making a comeback. In fact, some have dubbed it as the next Meatpacking District. While the costs and investments in the Warehouse District have not reached those numbers yet, many believe the success of the city’s core is spilling over and it is the next neighborhood to turn around…Read more »
Another burger joint is looking to make its mark on the Phoenix community. Plano, Texas-based Mooyah Burgers, Fries and Shakes’ Director of Business Development Tim Markle said the company is in talks with franchisors about opening its first Arizona location in the Phoenix area. Markle said they are looking into opening shop in Phoenix, Glendale and Scottsdale, and that the Valley could hold anywhere from 15 to 20 locations… Read more »