Commercial Real Estate & Business News – January 4, 2016

Consumer confidence rebounded more than forecast in December as Americans grew more optimistic about the current state of the economy and job market. The Conference Board’s sentiment index climbed to 96.5 from a revised November reading of 92.6 that was higher than previously estimated, the New York-based private research group said Tuesday. The median forecast in a Bloomberg survey of economists called for 93.5...Read more »
A mix of modern office towers, street-level shops and high-density housing could soon bring thousands of jobs and residents to an urban complex planned in north Scottsdale, with an early phase expected to break ground this spring. One Scottsdale, a massive mixed-use project at the northeastern corner of Scottsdale Road and Loop 101, could feature a campus-like cluster of six-story buildings and nearly 3 million square feet of commercial space if plans are approved by the Scottsdale City Council in 2016... Read more »
Two large towers could be coming to Tempe's growing skyline. A proposal calling for two 23-story apartment high-rises with more than 500 units along the south side of Tempe Town Lake will face a city panel's review in early January. The project, called the Pier, would be among the first high-rises to soar along the waterfront between Rural Road and McClintock Drive, extending an emerging city skyline rising west of Rural... Read more »
The Goodwill-anchored East Thunderbird Square North shopping center was purchased by West Valley Propertieson Tuesday for $39.1 million in a cash-only transaction. Sellers Starwood Capital had previously acquired the asset in early 2014 as part of an eleven-property portfolio sale... Read more »
Scottsdale has been named as one of the best cities to launch a startup, outside of Silicon Valley and New York. DataFox, a San Francisco-based deal-sourcing and research platform, ranked Scottsdale eighth on their list after crunching the numbers on over 12,000 U.S.-based, pre-Series A companies in its database to find the best cities to found a startup... Read more »

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