Commercial Real Estate & Business News – April 26, 2017

Like most of America's true paradigm shifts, the growth of Silicon Valley's tech industry started with lots of slow-burning embers-then exploded into a full-scale conflagration seemingly overnight. It took its name from the semiconductor businesses that seeded a patch of Northern California in the 1960s, attracting brainiacs from around the world...»
The growing Scottsdale Quarter, facility additions like Sneaky Big Studios and new tech company tenants have propelled the Greater Scottsdale Airpark into the modern live, work, play era, according to a recent report....»

North American Development Group (NADG) and the team at AZ Architecture, along with renowned local architect Will Bruder, have issued an eagerly anticipated construction update for Eldorado on 1st. The project, consisting of a group of seven adjacent city homes...»

Its stability and reliability since the Great Recession has made the self-storage market popular among developers and buyers in Arizona. There are approximately 950 self-storage facilities in the state, according to the Arizona Self-Storage Association, with about 500 in the Valley alone, and over 50 in the development pipeline....»
While the commercial real estate markets remain strong, we're approaching the top of the cycle, with elevated pricing and some resistance from investors, Colliers International's chief economist Andrew Nelson tells GlobeSt.com. The firm recently released its US capital flows report...»

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