Commercial Real Estate & Business News March 12, 2019
Another Upscale Apartment Community Opens in Booming Downtown PhoenixA juice bar and bike-washing station are among the perks in the latest upscale apartment community to open to renters in downtown Phoenix, during what’s expected to be a peak year for apartment construction in the revitalizing area as developers try to keep up with feverish demand […]
Commercial Real Estate & Business News March 11, 2019
Phoenix Has Plenty of Room for Big-Box GymsWhile there is momentum behind smaller-format fitness concepts, it is still a good time to operate a big-box gym in Phoenix. Businesses such as OrangeTheory and Jabz Boxing are popular because they offer specific experiences and create a sense of community, but the fitness market consumer base is […]
Commercial Real Estate & Business News March 8, 2019
Recession? What Recession? Market is Almost Unrecognizable from a Decade AgoWe didn’t know it at the time, but 10 years ago this week, things started looking up. On March 9, 2009, the S&P 500 closed at 676.53, the lowest point it hit over the course of the Great Recession. Today, the index stands at around […]
Commercial Real Estate & Business News March 7, 2019
Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. AveragesWith continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. […]
Commercial Real Estate & Business News March 6, 2019
Retail Leaders Doubling Down on Brick-and-Mortar-For Good ReasonThe future of retail lies in its past: brick-and-mortar stores. And the future is as bright as ever. Retailers around the world are stepping up their data analytics game in the physical shopping realm, leveraging new technologies such as AI, cloud and robotics to not just enrich the […]
Commercial Real Estate & Business News March 5, 2019
Senior Living Campus Breaks Ground on $260M Redevelopment ProjectBeatitudes Campus is embarking on a $260 million redevelopment plan that will make it the largest life plan community in Arizona when completed. While the campus will include rental units, it also will continue to offer life plans, which are insurance contracts overseen by the Arizona Department […]