CONSTRUCTION EMPLOYMENT INCREASES BY 11,000 IN MAY TO EIGHT-YEAR HIGH BUT LABOR SHORTAGES LIKELY LIMITED NUMBER OF NEW JOBS BEING ADDED

Construction employment increased by 11,000 jobs in May to the highest level since October 2008 and average weekly hours set a series high for May as contractors struggled to find enough workers to meet demand for projects, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged…

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Paul Tuchin Promoted to Senior Vice President

Trammell Crow Company (TCC) announces that Paul Tuchin has been promoted to Senior Vice President with the firm’s Phoenix Business Unit. In this role, he will expand his responsibility for sourcing and executing real estate acquisition and development projects in the Phoenix marketplace. “Paul has been an important contributor to the success of our Phoenix team,” said Jim Mahoney, Senior…

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Henkel Seeking Buyer for Iconic Scottsdale Headquarters; CBRE Awarded Listing

The prestigious North Scottsdale office market – home to several of Arizona’s largest and most notable employers, including HonorHealth, Vanguard, Fender and Quicken Loans – now boasts one of the most desirable investment/occupier opportunities in the country. German-based consumer products global leader, Henkel, is seeking a buyer for its 368,000 square foot Class A office…

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TRI WEST REAL ESTATE SELECTED AS AUTHORIZED RESALE BROKER FOR FOUR SEASONS RESIDENCE CLUBS IN NORTH SAN DIEGO AND SCOTTSDALE

TRI West Real Estate, the largest and oldest licensed resale and rental broker on the West Coast, has been selected as the exclusive Authorized Resale Broker for Four Seasons Residence Club Aviara and Four Seasons Residence Club Scottsdale. The Board of Directors for each property appointed TRI West based on their expertise in the resale…

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CBRE Completes $7.3 Million Sale of Vacant Sports Authority at Foothills Park Place

CBRE Group, Inc. has completed the sale of a vacant Sports Authority located at 4820 E. Ray Road in the Foothills Park Place shopping center in the Ahwatukee neighborhood of Phoenix. The 63,034-square-foot retail property commanded a sale price of $7.3 million ($116.00 per square foot). Joseph R. Compagno with CBRE’s Phoenix office represented the…

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CONSTRUCTION SPENDING RETREATS IN APRIL AS PUBLIC INFRASTRUCTURE INVESTMENTS CONTINUE TO FALL, UNDERMINING SECTOR’S AND ECONOMY’S GROWTH

Construction spending retreated in April following unusually large gains in and February and March, according to an analysis of new government data by the Associated General Contractors of America. Association officials said private construction continues to do well so far in 2017 but under-investment in public infrastructure is holding back the industry and is jeopardizing…

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LEVROSE COMMERCIAL REAL ESTATE NEGOTIATES LEASE FOR ARIZONA SCHOOL OF REAL ESTATE & BUSINESS NEW LOCATION

LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, announced recently that Arizona School of Real Estate & Business leased 14,889 square feet of office space at Riverwalk at Talking Stick.   LevRose Commercial Real Estate’s Keri Davies and Jon Rosenberg represented the tenant, Arizona School of Real Estate & Business, during…

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iStar Nears Sell-Out of $40 Million in Real Estate at Final Phase of Sage in Downtown Scottsdale

iStar announced today the final collection of homes at Sage, a luxury condominium community located along the Scottsdale waterfront, is nearing sell-out with just two homes remaining before closing out the final phase that totals nearly $40 million in real estate sold. Developed by iStar, Sage’s final phase features 72 two- and three-bedroom condominiums ranging…

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CONSTRUCTION EMPLOYMENT INCREASES IN 217 OUT OF 358 METRO AREAS BETWEEN APRIL 2017 AND 2017 AMID STRONG PRIVATE-SECTOR DEMAND FOR CONSTRUCTION

Construction employment increased in 217 out of 358 metro areas between April 2016 and April 2017, declined in 89 and stagnated in 52, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that construction firms in many parts of the country continue to…

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ULI Main Program to Explore Housing Model of the Future

The American Dream is changing to embody new technologies and desire for different living options.     How are homes of the future being transformed through innovation, including non-traditional options for changing demographics and markets? This and other questions will be answered at its next Main Program as ULI Arizona explores new tactics developers and builders are…

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