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Commercial Real Estate & Business News – August 31, 2017

August 31, 2017 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Scottsdale Approves 150-Foot Towers in Fashion Square Mall Expansion

One month after Scottsdale Fashion Square unveiled plans for a 12-phase renovation and expansion that would affect every square foot of the mall, the Scottsdale City Council voted to let property owners build 150-foot towers on the north end of the property…»

Chewy.com joining Amazon, Macy’s, Aldi in West Valley: BREW

Chewy.com will land a 819,000-square-foot distribution center along Interstate 10 in Goodyear on a 48.8-acre parcel. The Chewy center could employ as many as 750 workers, according to BREW. Goodyear is already home to a number of big distribution centers including Amazon.com Inc. (Nasdaq: AMZN) and Macy’s (NYSE: M), German grocer Aldi and United Parcel Service (NYSE: UPS) are also planning big centers in Goodyear…»

Phoenix Area Has Added More than 90,000 Private-Sector Jobs since Great Recession, Says New Report

The Phoenix area has added 91,400 private-sector jobs during the past 10 years, outpacing the growth rates of a quarter of the nation’s major markets, according to a federal report issued this morning…»

Arizona Doesn’t Have Enough Construction Workers; Contractors Paying Higher Wages

About 75 percent of the Arizona contractors polled say they are having a “hard time” filling hourly construction jobs. That’s slightly higher than the 70 percent of U.S. contractors acknowledging the same problem, said Stephen Sandherr, chief executive officer for the contractor trade group…»

JV Scores 2 AZ Properties

Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria. Modern Residential and Henley USA have acquired Sonoma Pines in Peoria, Ariz., and Sonoma Villas in Mesa, Ariz., and named Sunrise Management as the new manager for both…»

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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