Commercial Real Estate & Business News – May 31, 2017

Quicken Loans is taking a big step toward a big operations and employment move to downtown Phoenix. The Phoenix City Council will consider entering into a parking deal with the mortgage firm at its meeting tomorrow. The deal entails Quicken Loans leasing 1,100 parking spaces across from Chase Field at Fifth and Washington streets…»

Plans call for opening Mariposa Point of Gilbert at 1445 Willis Road in Gilbert this month, with two others to follow in Surprise and Mesa later this year. Another project – to be called Mariposa Point of Algodon – is expected to be built on 6.5 acres at the northwest corner of 91st Avenue and Thomas Road across from Banner Estrella Medical Center in Phoenix. That center is expected to open in 2018…»


April’s not seasonally adjusted (NSA) construction unemployment rates were down in 22 states and unchanged in two (Arkansas and California) on a year-over-year basis, according to analysis released today by Associated Builders and Contractors (ABC). However, the national NSA construction unemployment rate of 6.3 percent was up 0.3 percent from April 2016, according to data from the U.S. Bureau of Labor Statistics.…»

Phoenix ranks No. 12 among the U-Haul Top 50 U.S. Destination Cities. Phoenix witnessed a 3.3 percent decrease in 2016 arrivals compared to 2015, sliding two spots from its previous destination ranking of No. 10, according to the latest U-Haul migration trends report…»

The East Valley’s growing network of trains and trolleys could grow even more thanks to recent action by the Mesa City Council. During this spring’s round of budget discussions, the council agreed to spend $1.2 million to study two possible transit projects…»