Commercial Real Estate & Business News – September 8, 2015

The U.S. economy remains on course for steady growth, something that should help Arizona in the year ahead, a pair of economists told metro Phoenix business leaders Wednesday. The slowing Chinese economy has shaken financial markets here but should not significantly affect what is a relatively healthy labor market, said Jim Huntzinger, chief investment officer of Oklahoma-based BOK Financial, parent of Bank of Arizona... Read more »
With its recent purchase of a Phoenix office project, Regent Properties LLC of Los Angeles has invested $200 + million to buy more than 1 million sq. ft. of office space in the Valley in the past 10 months. The buying binge of five commercial real estate assets in the Phoenix area, which began in November 2014, gives Regent Properties a Valley portfolio totaling 1.538 million sq. ft. of office, flex and retail space in eight projects... Read more »
Stitch Fix, an online personal styling service for the busy woman on the go, has announced plans to open its fourth distribution center in Phoenix. The new distribution center, located on west lower Buckeye Road, will open in November 2015 and will help the company scale operations and better serve clients located in the Southwestern US... Read more »
American Airlines is leaving US Airways’ headquarters building in downtown Tempe. American (Nasdaq: AAL) and Tempe-based US Airways merged in 2013 and the combined airlines are now based in Fort Worth, Texas. American Airlines will vacate the former headquarters of US Airways in downtown Tempe... Read more »
Since 2011, the No. 1 spot on the Phoenix Business Journal’s Home Builders list has been a Pulte-only neighborhood. That tradition continued today when the 2015 version of the list was published. The list was ranked by 2014 housing starts. PulteGroup (NYSE: PHM), which sells homes under the Pulte Homes, Del Webb and Centex banners, was first with 845. Second on the list was Meritage Homes Corp. (NYSE: MTH) with 811, and third was Taylor Morrison (NYSE: TMHC) with 765... Read more »

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