Commercial Real Estate & Business News – May 12, 2015

Arizona's credit rating got a boost, with Moody's Investors Service raising the state government's financial grade to Aa2 from Aa3. The evaluation affects $2.5 billion of state debt, primarily on bondlike investments known as certificates of participation... Read more »
It was a positive week across the board for economic news. And there is now clear evidence that, as was hoped and expected, the slowdown in the 1st quarter was caused by temporary events and that there would be a 2nd quarter rebound. The bounce should continue. This doesn’t mean that the basic trend of a subpar expansion has changed. It means that at least it’s not worse than that and the expansion should continue... Read more »
The Pavilions announced the opening of a first-to-the-market Frontgate Outlet store. Frontgate is a leading brand in the aspirational home lifestyle for both indoors and outside. Frontgate is part of Cornerstone Brands, Inc. (CBI) which is a division of HSNi, a $3.3 billion interactive multi-channel retailer with strong direct-to-consumer expertise... Read more »
Upward Projects, the Phoenix-based hospitality company behind Postino as well as Joyride Taco House and Federal Pizza, announced Monday it is planning on opening Postino Highland near Scottsdale Fashion Square in October and another restaurant in Kierland Commons this November... Read more »
While the apartment industry is cyclical when it comes down to fundamentals like occupancy and rent growth, there are some things that come along and fundamentally change how the industry works. Here are three such game-changers to emerge over the last two decades... Read more »

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