Commercial Real Estate & Business News – October 13, 2016

Steady, improving employment numbers at both the local and national levels are the highlight of an ongoing, eight-year economic recovery, which saw unemployment as high as 10 percent. With unemployment hovering around 5 percent now, top Valley economists say this is likely “as good as it’s going to get” recovery-wise for the foreseeable future…»

Pollack said that we’re nestled into the fourth-longest expansion since World War II. The problem, he said, is it’s the slowest expansion in U.S. economic history. “We going to see continued subpar growth in 2017,” he said. “We just have to get used to it”…»


The national wave of new apartments and multifamily property sales that has dominated big markets such as Phoenix since the recession could be making its way to Flagstaff. A new report ranks Flagstaff and Northern Arizona University sixth nationally for new apartments designed for college students coming online next year…»

The planned Crescent Rio complex will be located on 3.2 acres of land on First Street, just east of Hardy Drive, that is owned by Tempe-based Spagnuolo Investments and currently houses office and industrial buildings…»

A San Diego bowling and sports bar restaurant and entertainment concept called Tavern+Bowl is opening a new location at the Westgate Entertainment District in Glendale. It will be Tavern+Bowl’s first Arizona location and also include a microbrewery…»