Commercial Real Estate & Business News – November 27, 2017

At the Commercial Economic Issues & Trends Forum on Friday, attendees got insights into how the economy and real estate market will interact over the next couple of years. Here are a few takeaways that can help guide your decision-making and investment moves in 2018, fresh from the 2017 REALTORS® Conference & Expo in Chicago…»
This week we feature a look at various under-development projects around the valley. Building on office space has started in earnest after years of stagnation following the great recession. Check out the pictures and info below to see the progress on some of the bigger projects around the region…»
The Phoenix real estate market has enjoyed a long and mostly robust recovery since the end of the last recession. That is the good news, according to Snell & Wilmer partner Nick Wood, who moderated the Capital Markets panel at Bisnow’s recent Phoenix State of the Market event. But that is also the bad news, since nothing lasts forever…»
Double-digit tech-sector employment growth in the Phoenix metro area has ranked the city in the top third of markets in the U.S. for rising office rents over the past two years, according to a new report. CBRE’s annual Tech-30 report measures the tech industry’s impact on office rents in the 30 leading tech markets in the U.S. and Canada…»
Bill Gates’ real estate investment group, Belmont Partners, shelled out $80 million for 25,000 acres of land to construct a city with technology built into its foundations. The site is located about 45 minutes outside of Phoenix and is being called Belmont for now, according to The Architect’s Newspaper. “Belmont will create a forward-thinking community…»