Commercial Real Estate & Business News February 26, 2019
Arizona’s Economy: More Signs the Expansion Remains on a Roll (and May be Getting Better)Arizona’s economy isn’t just rolling along but might actually be picking up steam, according to a couple of new assessments last week. The Arizona Office of Economic Opportunity projected the state will add nearly 166,000 jobs over a two-year period, and […]
Commercial Real Estate & Business News February 25, 2019
This Valley City is Poised to Become the Next Economic Hot SpotWith a regional airport, ample freeway frontage, and large swaths of available land, Goodyear has quietly developed into the Phoenix region’s next economic hot spot. The southwest Valley city has a high median income and an educated workforce eager to stay closer to home […]
Commercial Real Estate & Business News February 22, 2019
Tech Company Moving its HQ to a Different Valley CityAfter 18 years in Tempe, Limelight Networks Inc. is moving its headquarters to Scottsdale this summer. The Tempe-based public technology company is moving its 230 local employees to the SkySong office project in August, said Sandra Brisentine, Limelight’s vice president of human resources. Limelight will occupy […]
Commercial Real Estate & Business News February 20, 2019
Commercial Real Estate Loan Growth PlateausInvestors and lenders dove into apartment and industrial mortgages in the final three months of last year while retail and office property lending slowed, setting a pattern industry executives expect to extend into 2019. Total commercial and apartment mortgage origination for 2018 rose 3 percent, after a 14 percent surge […]
Commercial Real Estate & Business News February 19, 2019
CRE Investors Start Putting Money Behind Defensive StrategiesInvestors appear to be keeping the foot on the gas in terms of acquisitions. According to research firm Real Capital Analytics (RCA), investment sales volume jumped 15 percent year-over-year in 2018 to reach $562.1 billion. But some investors are clearly retooling strategies to account for slowing growth and […]
Commercial Real Estate & Business News February 18, 2019
Nationwide Realty Investors Announce Plans for Cavasson, $950 Million Mixed-Use Development in ScottsdaleNationwide Realty Investors announced today that its 134-acre mixed-use development in Scottsdale, Arizona will be named Cavasson. The initial phase of the project, which will break ground in 2019, will include several commercial office buildings including the new 460,000-square-foot regional headquarters building for…» […]