Commercial Real Estate & Business News – May 3, 2017

The Scottsdale Towne Square shopping center has sold for $31 million. The retail property is near Scottsdale and Thunderbird roads. It totals 162,259 square feet. The seller was Tucson-based Holualoa Scottsdale Retail LLC. The buyer was Salt Lake City based Woodbury Corp. A Natural Grocers (NYSE: NGVC) store anchors the Town Square development, which also includes a Ra Sushi and First Watch restaurants…»

Parc 17, a three-building, 177,770 SF industrial park at 1800- 1880 S. 7th Ave., Phoenix, sold for $16,100,000 in an off-market transaction. Built in 2015, the multi-tenant property consists of a 101,310 SF, 31,871 SF and 44,589 SF distribution/warehouse buildings. It features I-17 Freeway frontage at the full diamond 7th Ave. exit, access to all major Valley freeways and one-day proximity to the top distribution centers in the Western United States. All buildings feature dock high and grade level loading capabilities, and offers excellent individual tenant identity with freeway signage opportunities…»

Arizona’s construction unemployment rate is back to pre-recession levels, according to a comparison of March industry data from the Associated Builders and Contractors Inc. But the construction labor market is tightest in two other Western states that Arizona competes with for jobs, workers and businesses…»

Job fairs have replaced long lines at unemployment offices as Arizona’s largest private-sector employers pick up the hiring pace. Led by hospitals, the state’s biggest non-government employers added about 14,000 people to their payrolls over the past year and now collectively count more than 532,000 workers – a 2.8 percent annual increase, according to The Arizona Republic’s annual tally…»

Think you need an Ivy League degree to score a top job in Silicon Valley? Think again. Of the top 10 universities that send the most graduates on to careers in Silicon Valley, none were Ivy League institutions, according to a new analysis by online recruiting company HiringSolved. The survey employed data from more than 10,000 public profiles for tech workers hired or promoted into new positions in 2016 and the first two months of 2017…»