Commercial Real Estate & Business News August 19, 2019
Strong Apartment Performance and Low Interest Rates Draw Buyers to Phoenix Corporate expansions continue to drive in-migration as companies and job seekers seek refuge from the high costs found in other major metros. Allstate Insurance is building a new corporate campus that will provide employment for approximately 2,500 people. Other companies like Voya Financial and Nationwide […]
Commercial Real Estate & Business News August 16, 2019
Celebrity Chef Giada de Laurentiis Opening Two Restaurants at Caesar’s Republic Scottsdale Hotel Arizona is no stranger to having celebrity chefs in the kitchen nor having our restaurants and chefs placed in the national spotlight on TV shows like “Diners, Drive-Ins and Dives,” “Chopped,” “Man vs. Food,” and “Beat Bobby Flay,” among others. Scott Conant, who […]
Commercial Real Estate & Business News August 15, 2019
U.S. Office Vacancy Lowest in 18 Years, Despite Lots of New Construction The U.S office market continued to experience accelerated growth in the second quarter, with 17.1 million sq. ft. absorbed, bringing the year-to-date total to 66.5 million sq. ft. Vacancy dropped to 12.2 percent nationally-the lowest level in 18 years, according to a second quarter […]
Commercial Real Estate & Business News August 14, 2019
Phoenix in ‘Sweet Spot’ for Business Affordability, Employment Growth, Report Says Phoenix lands right in the “sweet spot” for the cost of doing business and employment growth, according to a Business Cost Index study done by global research firm IHS Markit Ltd. According to the index, it costs 1.1% less to do business in Phoenix compared […]
Commercial Real Estate & Business News August 13, 2019
The Ritz-Carlton, Paradise Valley Prepares for Summer 2020 Opening Set in the coveted resort town of Paradise Valley, Ariz., within the heart of vibrant Scottsdale, construction on The Ritz-Carlton, Paradise Valley is well underway for the luxury property that will span over 20 acres and boast 215 guest accommodations. “We are thrilled to expand our resort […]
Commercial Real Estate & Business News August 11, 2019
Venture Capital and Commercial Real Estate Venture capital is changing commercial real estate at an astonishing pace. GlobeSt.com recently caught up with Andrea Jang, head of growth Americas for JLL Spark, to gain insight on how venture capitalists choose what to fund, how their funding will change CRE, and how to keep pace with the changes. […]