Commercial Real Estate & Business News – September 8, 2014

The strong rebound in economic growth in the United States during the second quarter of this year and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, it is claimed.According to the latest commercial real estate quarterly forecast from the National Association of Realtors this gradual turnaround from being overly cautious to more optimistic… Read more »
The Arizona economy is plodding up the staircase, but bypassing the elevator used for the previous five post-recession recoveries. That’s the word to a packed room at the Greater Phoenix Chamber Economic Outlook 2015 from Phoenix economist Elliott Pollack, CEO of Elliott D. Pollack & Co. The annual event at the Arizona Biltmore featured Pollack and two other economists speaking on the global, national and local economies… Read more »
Optima, the multifamily developer whose Camelview and Sonoran Village projects in Scottsdale have won numerous awards, has chosen a site north of Kierland Commons just west of Scottsdale Road for its next project, which could include buildings as high as 12-stories… Read more »
The select top office lease signed during the second quarter of 2014 in the Phoenix market was at 1975 S. Price Rd. in the Chandler submarket. GM Financial renewed its 113,171-square-foot lease there. Lee & Associates represented the landlord. Amkor leased 110,000 square feet at 2150 E. Warner Rd. in the South Tempe / Ahwatukee submarket… Read more »
The Phoenix metro economy continues to outpace the nation in job growth, even though 2014 has taken on a slower pace than last year. Much of the 2013 job growth occurred in education, healthcare and financial services. The latter has been a particularly strong growth industry for Phoenix, with 7.2 percent job growth in 2013, versus overall job growth of 2.8 percent. Overall job growth for Phoenix is forecast to be 3.2 percent this year…Read more »