Originally Posted by Phoenix Business Journal May 8, 2018 Enlarge Dave Krumwiede The Mesa City Council voted 7-0 Monday to pick a new Class A development on 28.2 acres of city-owned land next to the Chicago Cubs Sloan Park. Lincoln Property Co. and the Boyer Co. had competing office developments for the land which [...]

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Originally Posted by AZ Big Media April 30, 2018 BUSINESS NEWS | 30 Apr | ERIC JAY TOLL More financial services and financial technology workers were hired in the Valley than anywhere else in the U.S. in 2017. The U.S. Bureau of Labor Statistics says more than 127,000 Phoenix metro workers were hired [...]

Originally Posted by the Phoenix Business Journal May 1, 2018 Enlarge Net absorption in the metro Phoenix office market began 2018 with more momentum than in recent years, with tenants moving into 679,000 square feet during the first few months of the year, according to a new report by Colliers International Group [...]

Originally Posted in Phoenix Business Journal May 2, 2018 Now that Grand Canyon University is spinning off as a nonprofit from its publicly traded parent Grand Canyon Education Inc., its popularity is shooting toward the heavens. Even Arizona State University President Michael Crow has changed his mind about the rapidly growing private Christian college. "We [...]

Originally Posted on Multifamily Biz April 23, 2018 NEW YORK, NY - New construction starts in March increased 11% from the previous month to a seasonally adjusted annual rate of $785.2 billion, according to Dodge Data & Analytics.  The substantial gain followed modest declines in January (down 2%) and February (down 3%), and [...]

Originally Posted on MHN April 20, 2018 Parallel Capital Partners sold a one-acre parcel within Arizona Center to North American Development Group. The company intends to build there a $100 million, 30-story tower. Rendering of Arizona Center’s courtyard North American Development Group has acquired a one-acre parcel within the 16-acre Arizona [...]

Originally Posted on Phoenix Business Journal April 25, 2018 Enlarge This 269-acre parcel in northeast Phoenix sold for $79 million. ARIZONA STATE LAND DEPARTMENT Homebuilder D.R. Horton (NYSE: DHI) scooped up 269 acres of state trust land in northeast Phoenix this week, bidding $79 million for the parcel in a recent public auction, [...]

Originally posted on Commercial Property Executive April 3, 2018 A considerable drop in public construction spending brought down the overall increase for the month, according to the U.S. Census Bureau. by D.C. Stribling | Apr 03, 2018 Source: U.S. Census Bureau, Monthly Construction Spending, February 2018 U.S. construction spending during February 2018 [...]

Originally posted in Phoenix Business Journal April 4, 2018 Enlarge The city of Scottsdale is looking at a potential $60 million upgrade to Scottsdale Stadium. That is the spring training home to the San Francisco Giants in the heart of the Old Town area, which is home to bars, restaurants and [...]

Originally posted in Phoenix Business Journal April 4, 2018 Enlarge Tuscany Ridge in Peoria is in the midst of some of the highest cities for apartment rents. PROVIDED BY CBRE Despite moderate price increases, the city of Phoenix still is the least-expensive place to rent in the Valley, according to current [...]

Originally posted on National Real Estate Investor March 23, 2018 JLL Economist Walter Kemmsies shares his views on how the tariffs could impact the U.S. economy and commercial real estate. Patricia Kirk | Mar 23, 2018 Against the advice of trade experts and members of Congress on both sides of the aisle, President Donald [...]

Originally posted on National Real Estate Investor March 28, 2018 FINANCE & INVESTMENT NREI recently talked with PGIM Real Estate’s Alfonso Munk, Americas CIO and head of Latin America, about the firm’s strategy and views on market opportunities in 2018. Beth Mattson-Teig | Mar 28, 2018 PGIM Real Estate completed more than $8 [...]

Originally posted by Phoenix Business Journal March 26, 2018 Enlarge Chris Camacho In 2015, when Chris Camacho took the reins of the Greater Phoenix Economic Council from longtime president and CEO Barry Broome, it seemed he had some big shoes to fill. Two years later, Camacho might need bigger shoes. According [...]

Originally posted on Phoenix Business Journal March 21, 2018 Enlarge Commercial real estate broker Bo Sederstrom is a senior vice president with Seattle-headquartered Kidder Mathews' Phoenix office. A new way of measuring office space means rents will rise for some tenants, according to one longtime industry veteran in the Valley. Bo [...]

Originally posted on AZ Big Media March 20, 2018   Last year was a good year for the housing market homebuilding industry, according to data collected by Belfiore Real Estate Consulting, a residential market research firm that services all of Arizona. In fact, last year was good for Arizona’s residential real [...]

Originally posted on Phoenix Business Journal March 21, 2018 VIEW SLIDESHOW 15 photos The Milwaukee Brewers and city of Phoenix have broken ground on renovations and a modernization of the team’s Cactus League home. The improvements to Maryvale Baseball Park could total more than $75 million with the Brewers putting in $56 [...]

Originally posted on Phoenix Business Journal March 14, 2018 Enlarge CBRE asked investors about which are the best office markets. Phoenix ranks as the 11th most-desirable commercial real estate market, according to a new survey of investors by CBRE Group Inc. (NYSE: CBG). Phoenix moved up from No.14 in last year’s CBRE investor [...]

Originally posted on National Real Estate Investor March 14, 2018 “Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc. Developers opened a tremendous number of new apartment units in 2017. But the percentage of [...]

Originally posted by Phoenix Business Journal March 14, 2018 Scottsdale-based Camelot Homes is investing $240 million in four projects throughout metro Phoenix. The third-generation homebuilder opened White Horse, a luxury community in North Scottsdale with more than 500 homeowners and prospects. About half of the community's inventory of 50 half-acre lots already have been [...]