phoenix Archives

Phoenix sees decline in consumer spending growth, report shows

123rf.com: qvist

A recent report on the Local Consumer Commerce Index for August 2016, shows that Phoenix is among 12 U.S. cities in the report to see a decline in consumer spending growth with a 1.68 percent decline in growth. The JPMorgan Chase Institute Local Consumer Commerce Index  reports that all but three of the 15 major… Read More →

Phoenix Sky Harbor debuts modernized Terminal 3

t3-level-4

Phoenix Sky Harbor Airport just became friendlier and more efficient.  On December 5, Phoenix Mayor Greg Stanton and members of the Phoenix City Council rolled back temporary construction walls to officially open the first phase of the newly modernized Terminal 3.  The updated terminal offers spectacular views, an abundance of natural lighting and a more efficient… Read More →

Capitol Lofts starting at $165K coming to Downtown Phoenix

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by in AZRE Magazine

Loft living doesn’t have to be expensive. That’s what the developers of Capitol Lofts believe for their new 65-unit deluxe condominium community planned for 901 W. Washington Street in Downtown Phoenix. Starting at $165,000 and ranging from 571 to 869 square feet, the contemporary new residences are designed to offer affordable housing in a thriving… Read More →

Corporate Center returns to market for resale with full occupancy

Corporate Center is a 2-story, Class-A office building located in the heart of the Metrocenter submarket, alongside Interstate 17. (Photo by Cohen Equities)

Cohen Equities acquired Corporate Center in January of 2016 with 50-percent vacancy and has brought the property to full occupancy in under a year. Now it plans to resell the asset. The national real estate investment firm pursues commercial assets that present an opportunity to add value in both secondary and gateway markets. After bringing the… Read More →

Insight Global signs 12,460 SF lease in Phoenix

24th At Camelback II (Photo courtesy of Hines)
by in AZRE Magazine | Office

Hines, the international real estate firm, negotiated a 12,460-square-foot lease at 24th at Camelback II in Phoenix for Atlanta-based staffing services firm Insight Global. Insight Global will occupy the eighth floor of the 11th-story Class A building, which offers abundant glass exposure and mountain views, beginning in early 2017. Hines is developer, owner and property manager of the 306,877-square-foot building… Read More →

Phoenix lands at No. 2 on CBRE’s annual Tech-Thirty Report

Copyright: markskalny / 123RF Stock Photo

Phoenix lands at number two on CBRE’s annual Tech-Thirty list, which analyzes the 30 leading technology markets in the U.S. and Canada in terms of high-tech software/services job growth. Second only to San Francisco, the Valley continues to see the strongest tech-sector job growth in North America, reporting 44.5 percent job growth and more than… Read More →

Marcus & Millichap sells 155-unit property for $10.6M

Marcus & Millichap
by in AZRE Magazine | Multi-Family

Marcus & Millichap (NYSE: MMI) negotiated the sale of Wyndham Place, a 155-unit multifamily community located in Phoenix, Arizona. The asset commanded a sales price of $10,600,000 or $68,387 for unit. Rich Butler, a senior director of Marcus & Millichap’s National Multi Housing Group and Brian Tranetzki, an associate director of Marcus & Millichap’s National Multi… Read More →

CBRE report identifies Phoenix as ‘new city of finance’

Photo: eutoch / 123RF Stock Photo

The U.S. financial services industry, faced with heightened regulations and competition for skilled labor from technology companies, increasingly is finding the workers it needs by expanding to cities like Phoenix, according to a new report from CBRE Group, Inc. In its inaugural annual report on the financial services industry, CBRE examines markets across the U.S.… Read More →

Burns & McDonnell moves to Central Arts District to accommodate growth

Burns & McDonnell
by in AZRE Magazine | Office

After growing locally by 300 percent since 2012, Burns & McDonnell is relocating its 90-person office to the Central Arts District for its expanding workforce. The 100 percent employee-owned global engineering, architecture, construction, environmental and consulting firm sees continued expansion, nearly doubling in size in the next few years. “Our clients and their projects have allowed us… Read More →

Is Phoenix’s Urban Heat Island becoming a hazard?

Downtown Phoenix
by in AZ Business Magazine | Green

Phoenix’s continuous temperature rise over the past several years has become a major environmental issue for the greater metropolitan area. When pavement and cement structures are in high temperature areas they absorb and maintain heat, which becomes known as an urban heat island (UHI). It is a man-made problem and can impact the overall climate… Read More →

Tips for Phoenix-bound Canadian Snowbirds

phoenix

RBC Bank, the market leader in cross-border banking and real estate financing for Canadian Snowbirds visiting or staying longer-term in the United States, is welcoming Canadians back to Phoenix and other popular U.S. destinations for another season of golf, warm weather and relaxation. However, because the Canadian dollar (CAD) experienced a 16 percent decline against… Read More →

Halloween spending is expected to be scary high

Suzie Deadmond prepares Stormi Van't Hul for a Halloween photo shoot. Photo courtesy of Rachel Tabron/Araya Photography.
by in Experience AZ Magazine

October in Phoenix means two things: a reprieve from the blazing heat of summer and Halloween. Gone are the days of sheets with holes in them and vintage plastic masks and smocks. Halloween is growing: The costumes are more involved. The haunted houses are scarier. The decorations are more elaborate. The parties are bigger. That… Read More →

Opendoor app gives shoppers on-demand access to homes

Mediterranean Custom Home, Scottsdale Living Magazine Winter 2012

Opendoor, the fastest growing real estate company in Phoenix, has launched an app for iPhone and Android that gives home buyers instant access to hundreds of homes for sale in the Phoenix area. With a few taps, buyers can find homes that match their criteria, view home details, and instantly take the next step of… Read More →

Michelle Obama blasts Trump in Phoenix

First Lady Michelle Obama spoke of hope and a leader who needs to be smart and generous at Phoenix Civic Center. Photo by Kristiana Faddoul/Cronkite News)

Thousands flocked to downtown Phoenix on Thursday to see First Lady Michelle Obama campaign for Democratic nominee Hillary Clinton. The Arizona Democratic Party Early Vote Rally took place at the Phoenix Convention Center following campaign stops from Bernie Sanders in Flagstaff and Chelsea Clinton at Arizona State University earlier in the week. Obama began the speech… Read More →