Commercial Real Estate & Business News November 21, 2018

Let’s start with the Arizona economy this week. The only way to put it is that the state’s economy, powered mainly by Greater Phoenix, is doing very well. Greater Phoenix is, in a word, booming. While virtually the entire spectrum of the job market is expanding, not surprisingly it is the cyclical sectors that are doing the best right now. So far…»
PHOENIX, ARIZ. (November 19, 2018) – The revitalized Park Central took a major step forward on Friday, as one of its defining public features opened to the public for the first time. The “Front Porch” section of the project – the outdoor dining area facing Central Avenue and shared by several of the project’s restaurants – is now 100 percent complete…»
A new AC Hotels by Marriott has opened in Phoenix’s upscale Biltmore area, and it looks to cater to both business and leisure travelers. The 160-room AC Hotel Phoenix Biltmore is part of the Marriott International (Nasdaq: MAR) brand that has heavy European influences. The property, at 2811 E. Camelback Road, had a soft opening in October…»
By all accounts, the City of Maricopa is just a teenager, celebrating 15 years as an incorporated city in 2018. But its roots date back to the late 1800s, when the area was called Maricopa Wells and was one of the most important relay stations along the San Antonio-San Diego Mail Line and the later, more famous, Butterfield Overland Mail…»
Shares in several of the biggest names in US retail sold off heavily on Tuesday as disappointing earnings reports intensified concerns about the competitive onslaught from Amazon, just before the crucial festive shopping season gets under way. Results from a series of companies, including sector bellwether Target and…»