Commercial Real Estate & Business News – August 22, 2016

The U.S. economy is close to the Federal Reserve Board's job and inflation targets, and growth is expected to pick up in the coming months, Stanley Fischer, the central bank's vice chairman, said Sunday...»
Big city office markets are posting the strongest performance in decades, with the U.S. unemployment rate falling to less than 5.0 percent and office vacancy in many regions in the single digits...»
Despite an uptick in the Arizona unemployment rate to 6 percent from 5.8 percent in June, Arizona gained 76,100 jobs year over year, according to the Arizona Department of Administration...»

Buildings one, two and three are completed, and SkySong 4 is to follow later this year, the restaurant/retail building is slated for next year, SkySong 5 and 6 in 2018, with final buildings completed by 2022...»

Some business owners know they've got new customers because of the trains. Others say they may not personally be benefiting, but they see more people milling about the area. If there are people who think it's been bad for the neighborhood, they're keeping quiet...»

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