Job Creation Archives

GPEC Earns Economic Development honor

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Cited as one of the Best to Invest Top U.S. Groups of 2013, the Greater Phoenix Economic Council (GPEC) has once again made Site Selection magazine’s annual ranking for top U.S. Economic Development Groups. “This recognition is a reflection of our elected and business leaders working together to promote Greater Phoenix and Arizona as business… Read More →

McCarthy Selected as General Contractor for OdySea Aquarium

OdySea, WEB

McCarthy Building Companies was recently selected as general contractor for the OdySea Aquarium, a new Scottsdale-based attraction slated to break ground summer of 2014 and open in the fall of 2015 at Via De Ventura and the 101 in Scottsdale at the Salt River Pima-MaricopaIndian Community, adjacent to Butterfly Wonderland and the Odysea Mirror Maze.… Read More →

Arizona Commercial Real Estate Experts predict slow recovery leading to better 2015

Marina Heights rendering courtesy of DAVIS.

In the ’90s, the joke was that the state bird was a construction crane, says AAED’s Executive Director Joyce Grossman. She motions out the window of her downtown Phoenix office and says, “You look around here, and you see cranes in the air. That means jobs.” Arizona isn’t seeing the growth it did in the… Read More →

Economic development groups are bullish on Arizona

Money Tree, WEB

They are our sales representatives, those intrepid souls knocking on doors in California, China, Germany and New York. They are the smiling faces standing behind CEOs, mayors and the governor when a new business arrival is announced. They are the economic development organizations of Arizona. It’s an alphabet soup of agencies, but they are working… Read More →

Construction Materials Prices Flat in March; Spikes in Key Items Leave Contractors Vulnerable as Pricing Remains Flat

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  Prices for construction materials were flat in March, as plunging diesel fuel and metals prices offset increases in items used in new housing and nonresidential building renovations, according to an analysis of new federal figures released today by the Associated General Contractors of America. Association officials noted that contractors have kept the prices they… Read More →

Greater Scottsdale Airpark 2030 Report: On the Mend

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  Jim Keeley, SIOR, CCIM, founding partner of Colliers International’s Scottsdale office, released his annual Greater Scottsdale Airpark 2030 Report, which provides a current and historical perspective on economic activity, growth, and trends for the Scottsdale Airpark submarket. Keeley has tracked and reported on the Airpark since 1981, and he has published the 2010 Report… Read More →

Phoenix Office Market Strives to Regain Traction After Strong Year-End Showing

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  The Phoenix office market has been making steady gains during the past two quarters and was the last commercial real estate sector to rise from the Great Recession, according to research by Lee & Associate’s Matt DePinto. Continuation at that pace into 2013 was expected by many experts. Although the Phoenix office sector is… Read More →

Velocity Q1 2013 Retail Figures: Market Showing Marked Improvement

Velocity Retail Group – 2013 1st Quarter Retail Market Update from Velocity Retail Group on Vimeo. Velocity Retail Group’s Research Solutions Team finalized its recap for the retail market through 1Q 2013, and the news is good. We are excited to report that the market is clearly showing improvement. The good news is that for… Read More →

NAI Horizon Q1 2013 Economic Outlook: Next 3 Months Hold the Key

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  As we move into 2013, the second quarter will give great insight about how the rest of the year will unfold. With Q1 starting off slower than anticipated in terms of completed deals, the next three months will tell the story of the year as the market takes shape in Phoenix. While the market… Read More →

PHX Sky Train Makes Its Long-Awatied Debut

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  Phoenix Sky Harbor International Airport celebrated a major milestone with the opening of the PHX Sky Train April 8. The Phoenix City Council and Phoenix Mayor Greg Stanton took the first official ride after a ribbon-cutting event earlier in the morning. Passengers using the PHX Sky Train will find a seamless connection between Terminal… Read More →

Construction Employment Increases in Metro Areas, but Spending Cuts Pose Risks

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  Construction employment increased in 158 out of 339 metropolitan areas between February 2012 and February 2013, declined in 132 and was stagnant in 49, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the industry’s long-awaited recovery could prove fleeting if… Read More →

Construction Jobs Rise For 10th Month In A Row To 3-year High

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  Construction industry employment climbed for the 10th consecutive month in March, as the sector added 18,000 jobs and surpassed 5.8M employees for the first time since September 2009, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the industry may soon experience both layoffs… Read More →

Dick’s Sporting Goods To Open At Prescott Valley Crossroads

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  Dick’s Sporting Goods has signed a lease for a location at Prescott Valley Crossroads, the first location for the company in Northern Arizona. It is a Kitchell Development project. Located at State Highway 69 and Sundog Ranch Rd., the new location is 85 miles north of Phoenix in a growing area that caters year-round… Read More →

Twin Arrows Navajo Casino Resort To Open Memorial Weekend

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  The newest casino in the state — and the first in Arizona for the Navajo Nation — is set to open Memorial Weekend. The Navajo Nation Gaming Enterprise announced that the grand opening of its Twin Arrows Navajo Casino Resort, located along I-40, exit 219, just east of Flagstaff, is set for  May 24.… Read More →