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2013

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PHOENIX OFFICE MARKET POSTS ALMOST TWO MSF NET ABSORPTION IN 2013

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PHOENIX, Ariz.– Cushman & Wakefield reports the Metro Phoenix office real estate market posted just under two-million-square-feet of positive direct net absorption in 2013, outpacing activity of five of the past six years, according to the year end report released Tuesday by Cushman & Wakefield of Arizona, Inc. The Metro Phoenix office market posted net […]

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June Unemployment Numbers – Seasonal vs Unadjusted – So Where Are the Jobs?

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Arizona released job numbers last week. After four months below 8.0%, Arizona’s seasonally adjusted unemployment rate inched up two-tenth of percentage point from 7.8% in May to 8.0% in June. Compared to the US adjusted unemployment rate that remained at 7.6%. The unofficial, “unadjusted for seasonal work” numbers per Arizona counties are more alarming, showing a jump of

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SCOTUS Defends Property Rights Against “Unconstitutional Conditions”

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While most of the media is focused on the Supreme Court’s rulings on voters’ rights and affirmative action, yesterday in a 5-4 vote, the U.S. Supreme Court (“SCOTUS”) issued its opinion in Koonz v. St. Johns River Water Management District, No. 11-1447, slip op., 570 U.S. ___ (2013).  Koontz, a victory for the property owner, is an

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