Commercial Real Estate & Business News – June 27, 2016
Arizona’s Economy Poised for Continued Growth Arizona is garnering national attention for job gains. While there’s always more work to be done, earlier this year, Arizona finally gained back all of the jobs lost during the Great Recession…» Multifamily Struggles To Keep Up With Boomers And Millennials P.B. Bell CEO, R. Chapin Bell, said the […]
Commercial Real Estate & Business News – June 24, 2016
Arizona Posts Strong Year-Over-Year Job Growth Despite Monthly Dip While Arizona shed about 20,000 jobs from April to May this year, the state still boasted a healthy year-over-year growth rate, according to data from the Bureau of Labor Statistics. Year over year in May, Arizona added nearly 76,000 jobs, which was good enough for a […]
Commercial Real Estate & Business News – June 23, 2016
Multifamily Rentals Continue to Drive Housing Market The rental market continues to drive housing’s recovery-36% of U.S. households opted to rent in 2015, the largest share since the 1960s. Posting the largest 10-year gain on record, the number of renters increased by 9 million over the past decade, according to the annual State of the […]
Commercial Real Estate & Business News – June 22, 2016
Phoenix Focuses on Rebuilding Downtown, Wooing Silicon Valley On “King of the Hill,” the animated sitcom that aired for 13 years on Fox, the character named Peggy Hill once called Phoenix “a monument to man’s arrogance.” Last summer, on a day the temperature broke records at 115 degrees, someone posted a segment on Reddit under […]
Commercial Real Estate & Business News – June 21, 2016
13 Empty Big-Box Store Buildings In Metro Phoenix For the past three years, new and recovering retailers – and developers willing to take risks on adaptive-reuse projects – have slowly filled some of the Phoenix area’s scores of vacant big-box store buildings. The bad news? Tricky spaces still outnumber willing tenants by far, according to […]
Commercial Real Estate & Business News – June 20, 2016
Historic ‘Psycho’ Building in Phoenix Slated for Condos The “Psycho” building, one of the downtown Phoenix landmarks that made a cameo in the Alfred Hitchcock thriller, could be converted into condos, restaurants and shops at a prominent intersection in the urban core. The city is again considering selling the 1915 Barrister Building for redevelopment after […]
