Commercial Real Estate & Business News March 22, 2019

Apartment Rent Growth Trends Continue in Early 2019 as Phoenix Enjoys a ‘Golden Age’ for Multifamily Property
Phoenix has consistently ranked among the top multifamily rent growth markets in the nation in recent years, and strong rent gains early in 2019 indicate no change in that trend is expected any time soon. The Phoenix multifamily market…»
Phoenix Gaining Popularity Among Retail Real Estate Investors
Phoenix continues to be a destination for real estate investors, notably in the retail sector, according to a report released by Marcus & Millichap. In its 2019 Retail Investment Forecast, the brokerage ranked Phoenix 20th in the National Retail Index, up from 29th place last year.…»
Beauty Sector Players Expand Physical Footprints Amidst Retail Industry Struggles
Struggling retailers may soon be asking beauty industry giants Sephora and Ulta Beauty what their secret is, as both are expanding their bricks-and-mortar footprints at a time when many retailers are retrenching. Beauty is one of the few retail categories that’s growing…»
Phoenix City Council Denies Controversial High-rise Zoning Case
Phoenix City Council unanimously voted against a controversial high-rise zoning request – but left the door open for future discussions. Sunbelt Holdings Inc.’s plans to build a 125-unit, $75 million high-rise condominium tower on the parking lot of the Phoenix Country Club…»
Arizona Jobless Rate Unchanged
PHOENIX – The state’s seasonally adjusted unemployment rate remained at 5.1 percent in February as the number of jobs created pretty much matched the number of people looking for work. Pima County’s jobless rate fell to 4.5 percent from 5.4 percent…»