Commercial Real Estate & Business News September 27, 2019

Here Are the 10 Best Commuter Cities Near Phoenix As one of the largest metropolitan areas in the U.S. that’s also growing quickly, it’s no surprise that Phoenix can be challenging for commuters. When searching for a community to call home, workers often have to compromise between time spent driving under the blazing Valley sun and housing affordability-which is not an easy task. So, we did the work for you. Below is a list of…»
Security Properties Grows Phoenix Portfolio
Security Properties has acquired The Rev Apartments, a garden-style apartment community in Tempe, Arizona, for $28 million. The purchase grows the investor’s Phoenix-area portfolio to 8 properties and over 3,200 units. Built in 1972, The Rev Apartments features 172 units in 16 buildings spread over 11 acres. The property is fully updated with amenities that include…»
Arizona Construction Workers Older Than Overall Labor Force
New data confirms what the building industry has been saying: the construction workforce is aging faster than the overall labor force. The National Association of Home Builders (NAHB) compared the latest labor numbers compiled by the Census Bureau’s Current Population Survey. It found the share of construction workers under the age of 25 was 9% in…»
Deloitte Announces 100,000-Square-Foot Expansion in Gilbert
Nationwide Realty Investors announced today that existing anchor tenant Deloitte, an industry-leading professional services organization, will occupy an additional 100,000-square-foot building in The Commons at Rivulon, the expansive master-planned, mixed-use development located at the corner of Gilbert Road and Loop 202 in Gilbert, Arizona. Nationwide Realty…»
McDonald’s, Kohl’s, Gap Hiring Thousands for Seasonal Work in Metro Phoenix
Holiday-season hiring is ramping up around the Phoenix area. Kohl’s is among several companies that recently announced seasonal-hiring plans. The retailer intends to add more than 1,360 associates in the Phoenix area in coming weeks – part of 90,000 seasonal hires nationally. Kohl’s will host a seasonal hiring day Oct. 5 at all stores and e-fulfillment centers. Interested…»