Commercial Real Estate & Business News – March 15, 2016

Much of the world’s economy is troubled, or at least weaker than it has been recently, yet the U.S. economy continues to be one of the bright spots worldwide. That was one of the takeaways of a speech last week by World Bank managing director and COO Sri Mulyani Indrawati at the National Association of Business Economics Conference in Washington, D.C… Read more »
Last year’s announcement by Apple was widely reported – just about every media outlet picked up the story about the tech giant bringing a data center to the East Mesa area. The news quickly faded from view aside from a blip by City of Mesa Mayor Giles in May reiterating the same story – Apple is bringing a data center to East Mesa. Fast-forward almost a year later and the project has quietly proceeded through approvals and is now hosting hundreds of craftsmen each day of the week completing an intense build out in short order… Read more »
The good news this week belongs to Arizona. Employment growth rates have clearly improved. As of January, the state is up 3% over a year ago. But, more impressively, Greater Phoenix is up 3.6% over a year ago. And even Tucson, while lagging, is showing improvement at a 2.2% gain. While still below the historic norm, it is the best set of numbers in the cycle and shows acceleration in economic activity in the state and particularly in the Greater Phoenix area. Read more »
The first two residential phases in Eastmark are nearly complete and many of the seven builders in phase one are already sold out. Today, nine homebuilders are in active development at Eastmark. Newer phases include an active adult community, Encore by AV Homes, and the first gated neighborhood by Meritage Homes, Innovation Park at Eastmark… Read more »
Brick-and-mortar shopping represents a better sustainability performance compared to online shopping, according to a new white paper released by Simon Property Group (NYSE: SPG). The study, conducted by Simon in conjunction with Deloitte Consulting, created a “cradle-to-grave” Lifecycle Analysis (LCA) that examines the environmental impact of all material, energy and fuels attributable to a product in its lifecycle… Read more »