Phoenix Moves Forward with Latino Cultural Center
By Mike Sunnucks for Rose Law Group Reporter The Phoenix City Council has voted to move forward with development of a new Latino Cultural Center. The council voted yesterday to designate the North Building at Margaret T. Hance Park as the preferred location for a new Latino Cultural Center. The park is located north of […]
2019 Construction Career Days Provides Exposure
By Rebekah Morris for AZBEX In early November 2019, a record-setting 6,800 high school students from across Arizona took part in the annual Construction Career Days event. This free two-day event enabled students to preview many facets of the construction industry in a hands-on and fun environment. The variety of careers and opportunities with and […]
Oct. Unemployment Rates Rise from a Year Ago
Source: Associated Builders and Contractors In October, estimated not seasonally adjusted construction unemployment rates increased nationally and in 34 states, fell in 13 states and were unchanged in three states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of October 2019, […]
ABC’s 2020 Construction Economic Forecast
Source: Associated Builders and Contractors Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator […]
Industry Professionals 12-10-19
Giving Back 1. The Sundt Foundation awarded a total of $27.5K in grants to 10 Tucson-area nonprofits, including Student Expedition Program (STEP), during its fourth-quarter disbursements. Awards & Accolades 2. Kidder Mathews’ Chairman and CEO, Jeff Lyon, has been honored as a Power 100 leader by the Puget Sound Business Journal in the publication’s inaugural […]
Commercial Real Estate Transactions 12-10-19
Sales Transactions 1. Sumitomo Corporation of Americas purchased the Collier Center, a 24-story, 578KSF commercial complex located in downtown Phoenix. Eastdil Secured brokered the deal for an undisclosed amount. 2. JLL Income Property Trust has bought the Chandler Distribution Center, a 211KSF industrial complex near Loop 202 and Germann Rd, for $31M from Minnesota-based Meritex. […]
Market Exacerbate Shortage of Afford. Housing
By Rebekah Morris for AZBEX The Arizona Planning Association hosted a two panel, half-day symposium discussing housing in Arizona on Thursday, November 21st, 2019. The aim of the event was to encourage dialogue about the state of housing in Arizona and potential solutions to creating a diverse mix of all forms of housing that are […]
Scottsdale OK’s Gentry on the Green
By Melissa Rosequist for Independent Newsmedia A project seeking to redevelop a multifamily residential area in the heart of Scottsdale has been met with overwhelming, unanimous approval by city officials. On December 3rd, the Scottsdale City Council voted 7-0 to approve a major General Plan amendment to construct mixed-use development, Gentry on the Green, upon […]
Arizona’s Biggest Economic Develop. Wins of 2019
By Steve Burks for AZ Big Media Since 2015, 49 California companies have chosen to set up shop in Arizona, a remarkable number. Well, recently, that number jumped to 50, as H.E.R.O.S. Inc., an industry leader in repairing and overhauling helicopter engines, announced it was moving its headquarters from Santa Clarita, Calif. to Chandler. The […]
Housing Forecast Reveals Trends for 2020
Source: AZ Big Media At a time when millennials are reaching key life milestones, the U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on their spending, according to the realtor.com 2020 Housing Forecast released. The housing forecast predicts that despite some […]