Here are the news articles you might find interesting today for commercial real estate and business:
Mercedes-Benz dealership leaving Phoenix for Scottsdale A Phoenix Mercedes-Benz dealership is moving to a new $25 million Scottsdale location. Phoenix Motor Company will move to the new location on Scottsdale Road just east of Scottsdale Fashion Square Mall, the city of Scottsdale announced today. View article…
USAA, Seefried Industrial to build industrial facility in west Phoenix A venture between USAA Real Estate Company and Seefried Industrial Properties Inc. recently closed a $6 million deal for 38 acres in west Phoenix where the pair will soon ramp up construction of a large, speculative industrial facility, according to a statement released Thursday by Jones Lang LaSalle in Phoenix, which represented the buyers. View article…
Flagstaff gets $4M grant for business incubator The federal government has awarded $4 million to the city of Flagstaff to build a new facility for a business incubator group. The grant from the U.S. Commerce Department will help pay for the building to house the Northern Arizona Center for Entrepreneurship and Technology. View article…
Honey Bear’s BBQ closes Tempe site Honey Bear’s BBQ will no longer serve walk-in customers at its Tempe location, but will continue delivery and catering service to the East Valley and keep the Phoenix stores open. The Tempe store at 7670 S. Priest Drive, in a shopping center at Elliot Road, closed to the public on Sept. 4. View article…
Mesa-based eye center spreads care for 30 years The man had been eating dog food because through deteriorating vision he confused the cans for cans of stew. After cataract surgery, he was thrilled that he could see well again. His diet and his quality of life have improved as a result. “His vision wasn’t good enough to pass a driver’s test,” said Roger Ethington, an optometrist and senior vice president of Southwestern Eye Center. View article…
Fiscal cliff, underwater mortgages keep economy in the weeds The U.S. and Arizona economies continue to face uphill climbs from the Great Recession with subpar growth this year and a more sustained recovery not expected until 2015. Poor consumer credit, underwater mortgages and persistent uncertainty remain barriers to more robust state and national economies. View article…
Costs up but wages flat for many Arizona workers For Arizona workers, the most important economic indicator is the number on their paycheck. And for many, that figure to the right of the dollar sign is small enough, or has shrunk enough, to make living on it a weekly challenge. Although wage data indicates that Arizonans’ overall average pay has risen 15 percent since the recession, that gain is a cruel illusion. View article…
HOUSING:
Phoenix home prices down 46 percent in past 5 years Fewer than one in 10 of the largest metro areas in the U.S. have higher home values than five years ago, and selling prices in Phoenix are a whopping 46 percent lower. New research from On Numbers uses data from the Federal Housing Finance Agency, which has been tracking home sales and refinances for more than two decades. View article…
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