Commercial Real Estate & Business News – March 18, 2014

Five years ago, it seemed the commercial real estate sky literally was falling. Today, confidence is U.S. commercial real estate is rising. That’s the major takeaway from a new Akerman LLP survey of top 200 CEOs, CFO, COOs and other top national real estate executives serving clients across the Americas… Read more
Arizona lunged into 2014 with a 3.1 percent year-over-year gain in construction employment in January, according to a new report today from the Associated General Contractors of America. The percentage bump – which accounted for 3,800 construction jobs – landed Arizona smack in the middle at No. 25, tying with Delaware… Read more
U.S. homebuilders’ confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up. But the outlook for sales of single-family homes over the next six months dimmed slightly as builders continue to grapple with a shortage of skilled workers, ready-to-build land and rising building materials costs… Read more
Reconstruction of Fountain Hills’ Saguaro Boulevard, the town’s busiest street, is likely to be under way by year’s end, and November’s fuel-truck spill shouldn’t cause any delays. At its March 6 meeting, the Town Council approved a $427K engineering contract with Kimley-Horn and Associates for the design of the project. Last November, voters approved an $8.2M bond proposal to pay for rebuilding the more than 3 miles of Saguaro…Read more
Richard Hubbard, the CEO of Valley Partnership, a commercial real-estate association, talks about the real-estate market and lessons learned from the Great Recession… Read more