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Commercial Real Estate & Business News – October 17, 2017

Overall, September was a good month for retail sales with a substantial rise in spending supported by both higher gas prices and an increase in the number of people buying vehicles. Outside of these two segments, especially in pure retail and foodservice, spending also ticked up albeit to a more moderate degree…»

Although rent growth has slowed in Phoenix in the first half of the year, it continues to outpace the national average. The apartment market’s affordability and a high job availability continue to play a decisive role in population growth, which, in turn, has kept developers busy balancing out the rising demand with the new supply…»

Housing Trust Group is putting the finishing touches on a $63 million apartment in Mesa that will have one of the largest pools in the state. HTG is building the Aviva – Mesa development at Baseline Road and the Loop 202. It is opening in January. HTG has picked Mark-Taylor Residential to handle the property management for the multifamily project…»

A ceremony to announce the groundbreaking of Chandler Corporate Center, a 114,000-square-foot office development by VanTrust Real Estate (VanTrust), was held. The Class A office project, located at 350 N. McClintock Dr., is being constructed by Layton Construction Company and was designed by Butler Design Group…»

Amazon’s very public search for a second headquarters has set off a scramble among civic, business and political leaders around the country as they attempt to lure one of the biggest-ever corporate expansions. The highly publicized contest, which closes Thursday, has stoked urban pride as well as urban insecurities, as municipalities evaluate their strengths and weaknesses in hopes of landing up to 50,000 high-paying jobs and an incalculable boost in prestige…»