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Lee & Associates - Arizona | Week in Review | Friday, January 8, 2016

01/08/2016



LOCAL NEWS

 

Macerich planning high-rises over old Camelview Theater at Scottsdale Fashion Square
Scottsdale Fashion Square is going big on the site of the former Harkins Camelview 5. PHOENIX BUSINESS JOURNAL

Arizona looks for economic boost from sports
The College Football Playoff National Championship Game on Jan. 11 is the next in a line of major sporting events coming to Arizona that has the potential for both short- and long-term financial benefits for the state, analysts and backers say. AZ BIG MEDIA

Construction Jobs Continue Steady Growth
Arizona and the nation will continue the trend of improving employment in 2016, including in construction, according to state Department of Administration forecasts. ARIZONA BUILDERS EXCHANGE

Meet Phoenix's newest hip hotel: The Camby
After a five-month makeover, the former Ritz-Carlton Phoenix has gone from stodgy to stylish in a bid to attract travelers seeking a hip luxury hotel like those in the popular Kimpton and W chains. AZ CENTRAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Consumer Confidence in U.S. Increases More Than Projected
Consumer confidence rebounded more than forecast in December as Americans grew more optimistic about the current state of the economy and job market. BLOOMBERG

 

2015 Marks Sixth Straight Year of Higher Than Normal Rent Increases
Occupancy was up .3 percentage points nationally in the fourth quarter of 2015 and now sits at 95.8%, according to MPF Research, the rental market intelligence division of RealPage, It’s a statistic multifamily owners and operators can smile at, but it’s not the only one. MULTIFAMILY EXECUTIVE

Solid fundamentals point to another strong year for commercial real estate
On New Year’s Eve, as they counted down to 2016 along with the rest of us, commercial real estate industry participants had a harder time than most in saying goodbye to 2015. REAL ESTATE WEEKLY


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01/08/2016 - 05:00

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