Freddie Mac Survey Reveals Demand Drivers for Rental Housing
Freddie Mac has released a new study that names affordability and changing attitudes towards renting as noteworthy indicators in the growing demand for rental housing.
Track multifamily developments with our new Interactive Pipeline Report
Exciting new tool from the Cooke Team! Track under construction, lease up and prospective multifamily projects in the Valley with this new interactive tool.
See inside $1 billion semiconductor materials manufacturer’s Tempe headquarters
Versum Materials Inc. has settled into its new global headquarters in Tempe’s ASU Research Park as it celebrates its one year anniversary next month as a public company. With annual sales of $1 billion, Versum mainly makes specialty materials and containers used in manufacturing semiconductors, while also making gas and chemical delivery systems used in the fabs to make semiconductors. The Tempe facility employs more than 150 full-time employees in high-paying electronic materials production, research and development, administration and operations positions.
ASU selected as nation’s most innovative school for 3rd straight year
For the third year in a row, Arizona State University tops the list of “most innovative schools” in the nation, recognizing the university’s groundbreaking initiatives, partnerships, programs and research.
U.S. News and World Report has named ASU as the most innovative university all three years it has had the category. The widely touted set of annual rankings by the news magazine, which compares more than 1,500 institutions on a variety of metrics.
Phoenix is transforming from a call center hub to a tech hotbed
Business, civic, and education leaders alike are collaborating to help turn Phoenix into a leading market not just for large corporations, but also tech companies. Driving across the region you can see signs for other major tech companies from Silicon Valley, including Weebly, Uber, Shutterfly, Prosper Marketplace, BoomTown, Gainsight, and DoubleDutch. These companies, and others like them, saw reprieve from the exorbitant costs of doing business in the Bay Area and the spiking labor competition, but were also drawn in by the value of running their expansion offices in Greater Phoenix.
Electronics firm picks new Tempe development for headquarters, 500 jobs
Benchmark Electronics (NYSE: BHE) will land a new corporate headquarters in Tempe at the Rio 2100 development.
Rio 2100 development sits on 52-acres at the Loop 101 and Loop 202 freeways. Benchmark moved its headquarters from Houston to Arizona earlier this year.
It currently has space in Scottsdale with plans to grow its new Tempe base to 500 workers over the next five years.
Gilbert, Tempe within top 100 fastest growing US cities
Gilbert ranked as the 52nd fastest growing U.S. city, and Tempe ranked as 85th fastest growing out of 515 US cities assessed in a study by WalletHub.
WalletHub’s study, 2017’s Fastest-Growing Cities in America, observed the growth and decline of 515 cities of varying sizes throughout a seven-year period.
Tempe ranked 55th for socio-demographics — which were defined by population growth, working-age population growth and college-educated population growth.
Scottsdale ranked 106th fastest growing US city but 47th for sociodemographics.
Phoenix was the 19th fastest growth large city out of the 64 large cities assessed. Mesa ranked 23rd out of the 64.
The study was based on socio-demographic standards and statistics pertaining to jobs and the economy.
Phoenix Crane Watch by Phoenix Business Journal
In all corners of the Valley, construction on various commercial real estate projects is in full bloom with plenty more in the pipeline.
Phoenix, Tempe tapped for top ‘hipsterhoods’
Coronado, Melrose, Roosevelt Row and Willo were picked by the website as being anchors of hip in Phoenix. Tempe was the only other city on the Arizona list.
IKEA opening second Arizona store
IKEA — which already has one of its super stores in Tempe — is opening the store at the Loop 101 and Bethany Home Road.
That is near the Westgate Entertainment District development. IKEA will start construction of the Glendale store in the fall of 2018 and it would open in the spring of 2020, according to the furniture and furnishings company. The store will total 348,000 square feet. Construction will create 500 jobs and there will be 300 retail workers and managers at the store when it opens, according to IKEA.
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