Commercial Real Estate & Business News – November 15, 2017

Hilton has opened a new 228-key hotel in Tempe, Ariz. The property operates under two of the company’s brands, Garden Inn and Home2 Suites. Developed and owned by RB-WW Tempe LLC and managed by Widewaters Tempe Hotel Management Co., the new lodging facility is situated next to Arizona State University Research Park…»
While all eyes are on the high-profile SkyBridge development at Phoenix-Mesa Gateway Airport, Mesa’s smaller airpark is making headway on a business park project of its own. Mesa officials expect to put out an RFP by the end of November to officially kick off the search for a developer for Falcon Tech Center, a proposed biomedical campus…»
Small businesses in Arizona are younger, more profitable and less indebted than their counterparts nationally, with more optimistic owners. Those are among the findings of a survey of small-business owners nationally by the Federal Reserve Bank of San Francisco. More than 10,000 owners nationally responded to the study…»
The industrial sector has emerged as the growth leader in commercial real estate, according to a new report by Morningstar, a notion that’s in agreement with the wider consensus about industrial now leading income-generating real estate. As a darling among owners and investors, apartments may still be strong, but the industrial sector is the rising star…»
Though it sounds like science fiction, autonomous, or driverless, vehicles (AVs) are closer to becoming a common sight than many realize. Despite technological and legal hurdles that need to be overcome, many believe AVs will be widely adopted within 20 years. From safer roadways to less stressed commutes and increased productivity, the potential benefits of AVs could be considered Utopian…»