Commercial Real Estate & Business News April 17, 2019
Who’s Hiring in Arizona? These are the State’s 100 Largest Employers Arizona’s economy is humming these days, and large corporations and nonprofit groups are leading the charge.The 100 biggest employers in Arizona collectively account for more than 528,000 workers, the most ever and equaling about one in five payroll jobs in the state. The table below […]
Commercial Real Estate & Business News April 16, 2019
Phoenix Office Absorption Hits 10-year high According to JLL’s Q1 Phoenix Office Market Report, metro Phoenix has absorbed more than 1 million square feet of office space since the first of the year – a quarterly high not seen in over 10 years. This is already massively ahead of 2018, which though a notable year for […]
Commercial Real Estate & Business News April 15, 2019
Hiring Spree by Some Retailers Shows It’s Not All Gloom and Doom for Sector Although the retail sector remains under pressure – evident by the spate of store closures and announcements since the start of the year – the job losses across the industry have not been severe, says Ken McCarthy, principal economist and senior managing […]
Commercial Real Estate & Business News April 12, 2019
Scottsdale Developer Buys Land Near Tempe Town Lake for More Townhomes Caliber-The Wealth Development Co. is building townhomes near Tempe Town Lake, tapping into opportunity zone funds to develop the $19 million project. The project, which sits on about 2.75 acres west of the southwest corner of Ash Avenue and Rio Salado Parkway in Tempe, will […]
Commercial Real Estate & Business News April 11, 2019
Walmart, Google Partner to Roll Out Voice-Activated Grocery Shopping Walmart continues to ramp up its efforts to compete with Amazon, this time in the fledgling voice-activated shopping space. The discount giant announced that, starting later this month, shoppers will be able to order items directly to their Walmart grocery shopping carts using Google Assistant by saying […]
Commercial Real Estate & Business News April 10, 2019
How Opportunity Zones Will Impact Real Estate Finance The Tax Cuts and Jobs Act of 2017 created a federal program that encourages private investment in low-income, high-unemployment urban and rural communities, designated as “Opportunity Zones.” The aim of the program is to stimulate economic development in economically underserved areas by encouraging investment capital…» Medistar Plans Major […]