Commercial Real Estate & Business News July 9, 2018
US Adds 213,000 Jobs in June, Better than Expected, but Wage Growth is Light The employment part of the economy continued to power forward in June, adding another 213,000 jobs though the unemployment rate rose to 4 percent, according to a government report Friday. Economists surveyed by Reuters had expected a nonfarm payrolls gain of 195,000 […]
Commercial Real Estate & Business News July 6, 2018
StreetLights Residential Breaks Ground in AZ StreetLights Residential has broken ground on its first luxury community in Arizona. Dubbed The Cameron, the 349-unit property will be located in Tempe and will feature landscape designs by Linda Tycher & Associates, interior designs by 5G Studio and overall architectural direction by WDG Architecture…» Phoenix Apartment Rents Rise […]
Commercial Real Estate & Business News July 5, 2018
What Deals Are Ripe For Capital Providers? SAN FRANCISCO-Home building professionals from across the country convened in Moscone Center last week at PCBC 2018, the largest annual homebuilding trade show in the Western United States. Along with educational sessions and new events, numerous speakers and more than 350 exhibitors were on hand…» Why High Home […]
Commercial Real Estate & Business News July 3, 2018
Sky Harbor Area, Southeast Valley to get Nearly 3 Million Square Feet of Industrial Development When developers started seeking out Chris McClurg and Ken McQueen to look at potential sites to reuse or build industrial developments, the two knew the tide was turning in the industrial market. Since then, the two Lee & Associates brokers, […]
Commercial Real Estate & Business News July 2, 2018
Maracay Homes Investing $50M in South Mountain Master-planned Community Maracay Homes is investing $50 million to develop a master-planned community bordering South Mountain. The Scottsdale-based home builder paid $12.1 million for 70 acres, following a purchase last year of 83 acres for $10.5 million. Plans call for a total of 394 homes along Dobbins Road, […]
Commercial Real Estate & Business News June 29, 2018
Most Metro Areas See Declining Unemployment Unemployment rates were lower in May 2018 than a year earlier in 350 of the 388 U.S. metropolitan areas, higher in only 20 areas, and unchanged in 18 areas, the Bureau of Labor Statistics reported on Wednesday, June 27. Ninety-six areas had jobless rates of less than 3 percent-the […]