Opposition has already begun to Gilbert’s proposed $515M bond request in the Nov. 2 election. Planned projects to be funded under the request include the Ocotillo Bridge, road repairs and trail crossings. In a recent …
Labor Department data shows an 8.3 percent year-over-year increase in inflation at the wholesale level versus August 2020. The leap is the largest since the Department began tracking in 2010. The Producer Price Index was …
By Associated Builders and Contractors The nation’s construction industry added 11,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, …
By Associated Builders and Contractors The not seasonally adjusted national construction unemployment rate was down 2.6 percent in June 2021 from a year ago and 45 states had lower unemployment rates over the same period, …
After hitting a record high of $1,670.50 for 1,000 board feet in May, lumber futures contracts had dropped 68 percent to $536 by July 16th. So when will those lower prices start to show up …
By Kidder Mathews and AZBEX Staff The Phoenix Industrial market continued to set records in the Second Quarter, with the Kidder Mathews Phoenix Industrial CRE Market Update reporting record highs in net absorption, rental rates and construction activity, and record …
By Kidder Mathews and AZBEX Staff Kidder Mathews, in its recent Phoenix Office CRE Market Update for Q2 2021, reported the Phoenix office market continues to see record office sublease availability. Rental rates also reached a record high …
By CBRE Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust sentiment, 1031 exchange requirements, increased interest in office assets as return-to-the-workplace plans gained momentum and, despite COVID-19-related …
By Associated Builders and Contractors The construction industry lost 20,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the …
The National Federation of Independent Businesses has reported 44 percent of companies have job openings they cannot fill. The number is an all-time high for the survey. A recent report from The Conference Board, entitled, …
By Cushman & Wakefield Cushman & Wakefield has released its 2021 Global Logistics Outlook. The report analyzes key drivers affecting growth, global leasing dynamics and provides an outlook for the sector. North America The North …
By Colliers in Arizona The first quarter of 2021 brought positive net absorption to the Greater Phoenix retail market, according to a report released by Colliers in Arizona. Absorption pushed vacancy down and rental rates continue showing …
The Yuma City Council held a work session last week for its ongoing discussions on the Fiscal Year 2021/22 budget, the FY2022 Capital Improvement and Five-year Capital Improvement programs. The FY2021 CIP was relatively conservative due to the COVID-19 pandemic. FY2022 totals 77 …
Data center construction in the Valley is continuing its rapid upswing from recent years, due in part to a business-friendly environment, dry weather and the region’s low risk of natural disasters. Absorption rates are up 38 percent …
By Associated Builders and Contractors Construction input prices increased 1.3 percent in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data. …
By Associated Builders and Contractors Associated Builders and Contractors has reported its Construction Backlog Indicator rose to 7.9 months in April, according to an ABC member survey conducted April 20th-May 5th, 0.1 months higher than in …
By Associated Builders and Contractors National nonresidential construction spending declined 1.1 percent in March, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized …
The new issue of RealAccess, a report from Nuveen Real Estate, a TIAA company, takes a look at the impacts of the pandemic on the built environment. The study shows Arizona and other Sunbelt states …
By Associated Builders and Contractors Construction employment is holding its own, although it is not back to pre-pandemic levels, according to state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and …
Portland Cement Association Market Intelligence Group’s Senior VP and Chief Economist Ed Sullivan recently presented their annual spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022. “Remarkably, U.S. cement consumption …
By Kidder Mathews Kidder Mathews has released its reports on First Quarter 2021 activity in the Industrial and Office sectors. Economic Overview Phoenix lost fewer jobs (on a percentage basis) than any other large metropolitan …
By Central Arizona CCIM Chapter The Central Arizona CCIM Chapter is making it easy for industry professionals to stay ahead of changing technology, market conditions and government regulations by taking a Ward Center workshop for …
By Associated Builders and Contractors National nonresidential construction spending declined 1.3 percent in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized …
By Sun Corridor, Inc. BD (Becton, Dickinson and Company), a leading global medical technology company, announced it will invest $65M to construct a state-of-the-art facility in Tucson that will be a hub for the company’s …
By Urban Land Institute Arizona Last year’s in-person Trends Day attracted a record number of participants. Join ULI Arizona for the 16th Annual Trends Days, this year a three-day virtual program of deep-dive content. The …
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