Commercial Real Estate & Business News – January 18, 2017

Where are the best tech jobs? Jason Nazar, an Entrepreneur in Residence for the City of Los Angeles and creator of the upcoming TechFairLA, offers his take on where the best jobs in tech are. His list includes Austin, Texas, Boulder, Colorado, Phoenix and La La Land, and he tells why on an episode of the #TalkingTech podcast...»

Bioscience and medical sectors remain strong with dozens of projects occurring across the Valley. The transition in healthcare to a "well care" system instead of "sick care" model is accompanied by a goal to make healthcare faster, more convenient and accessible by developing more clinics, urgent cares and outpatient facilities...»

 
Industrial vacancy rates returned to single digits for the first time since the third quarter of 2007 and the Valley's market is expected to remain hot. Cushman & Wakefield reports overall asking rent rates in the Phoenix Metro reached its highest rate of $0.56 since Q3 2009. According to the same report, 15 of the 17 defined submarkets have experienced improvements in overall vacancy rates since Q3 2015....»

Alliance Residential Co. in Phoenix plans to develop a 200-unit luxury apartment complex at the northeast corner of Third Avenue and Osborn Road in midtown Phoenix. A joint venture entity formed by Alliance Residential paid $6 million ($56.96 per foot) to buy the 2.4 acre site, which is now occupied by two buildings that were built in the late 1950's. The seller was 240 Osborn LLC, formed by NOVO Development LLC in Scottsdale (Kurt Rosene, manager) and investor Jacob Long of Phoenix. Alliance Residential is developing the upscale apartment community in joint venture with Appian Capital LLC. The project is being called Broadstone Midtown...»

A debt-negotiation company in Tempe hopes to hire 1,000 more workers this year as it plans to develop a campus to consolidate its rapid growth. Freedom Financial Network, which has expanded rapidly in little more than a decade. The company already employs about 1,260 people in four buildings scattered near Baseline Road and Interstate 10...»

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