Commercial Real Estate & Business News – November 10, 2014

Market Trend: Phoenix Office Deliveries, Construction and Inventory

During the third quarter 2014, seven office buildings totaling 609,462 square feet were completed in the Phoenix market area. This compares to one building totaling 100,622 square feet that were completed in the second quarter 2014. There were 2,404,819 square feet of office space under construction at the end of the third quarter 2014… Read more »

Tempe Considering 43-Acre Rio Salado Business Park

A proposal for the first phase of a 43-acre business park east of Tempe Marketplace at 2100 Rio Salado Parkway will be heard by Tempe?s Development Review Commission on Nov 18. The proposed first phase includes 24 acres of an office complex, restaurants, bars, retail and two four-story hotels, a Hilton Garden Inn and a Homewood Suites. Extensive site preparation… Read more »

We Reveal The Largest Tenants At Asu Skysong

SkySong, the ASU Scottsdale Innovation Center, has a varied list of tenants as it prepares to open a third building at its location at the corner of Scottsdale and McDowell roads. Arizona State University, which together with the ASU Foundation, the city of Scottsdale and The Plaza Cos. created the eye-catching campus, is the largest tenant with 79,994 square feet… Read more »

Housing?s Long March to Normal

Another month, another 200,000-plus jobs for the U.S. economy, according to the latest report from the U.S. Department of Labor. ?The economy and the housing market continue their gradual march back to normal,? says David Crowe, chief economist for the National Association of Home Builders. How far do we have left to go?… Read more »

Commercial Market on Road to Recovery, Say Realtors

While economic activity was mixed during the first half of the year, industry experts expressed confidence that the commercial real estate market is on the rise during the Commercial Economic Issues & Trends Forum at the 2014 REALTORS Conference & Expo.National Association of Realtors Chief Economist Lawrence Yun joined leading investment experts… Read more »