Commercial Real Estate & Business News – August 5, 2016

The silver lining of slower job growth could be that wages are (finally) rising.
Tomorrow's jobs report might answer some pressing questions labor economists have, but it's also likely to raise a few more riddles about the direction our economy is taking....»
The apartment market is always changing. What was popular in the 1980s is a relic today. While today's renters enjoy the amenities and locations featured at newer properties, changing economies, culture, technologies and interests will make the apartment of the 2020s and 2030s different...»
Phoenix-based grocer Sprouts Farmers Market Inc. (NASDAQ: SFM) posted a steady increase in sales and growth, thanks to solid performance from new store openings and at existing locations during its most recently completed quarter...»
A redeveloped former retail plaza in Mesa has changed hands from a Phoenix developer to a New York City, N.Y. investor to a Brooklyn, N.Y. investor in a $32.5 million double escrow. The Manhattan investor made a quick $2.5 million in the deal, which involved the sale of a 117,000- square-foot back-office project...»
Arizona may be lacking many things, but it is certainly ripe with land. There are 9.2 million acres of publicly held land in the Arizona Land Trust and there are plenty of private land owners with parcels available, too. Solar land developers have taken notice...»

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