I’m not afraid of storms, for I’m learning to sail my ship.
June 10, 2016, Ilana Lowery Editor in Chief, Phoenix Business Journal.
A new report by Kiplinger’s has found Arizona ranks second for states with the fastest job growth in 2016. It’s proof that Arizona’s once lackluster economy is becoming more vibrant.
Remember all that doom and gloom after the Great Recession about the number of jobs lost in Arizona? It was warranted. Our state was hit hard. But a new report by Kiplinger’s has found Arizona ranks second for states with the fastest job growth in 2016. It’s proof that Arizona’s once lackluster economy is becoming more vibrant.
Arizona is among the U.S. states likely to see the fastest employment gains this year, according to the report.
“The state’s sunny climate and low taxes will continue to lure retirees as well as young folks. The low cost of living will draw tech entrepreneurs away from pricey Silicon Valley. Population growth will keep construction humming,” the report stated.
We’ve been reporting on some activity the Kiplinger report alludes to: Home Depot plans to add about 800 new jobs in Tempe at an online customer support center, and Northern Trust Co. expects to hire about 1,000 new employees by 2018 at its new Tempe operating center. Banner Health is building a $400 million hospital expansion in Tucson. In Phoenix, Farmers Insurance will significantly expand its operations, eventually adding 1,000 employees. Cenlar, a loan service provider, will create 600 jobs, also in Phoenix.
What Kiplinger found is what those of us following Valley business news have known for a couple of years: Arizona’s economy is back on track. Don’t believe me? Here are just a few of the stories we’ve reported on in just the past few days:
n Publicly traded Kudelski Group, a European Union cybersecurity technology company, announced it is opening a corporate headquarters in Phoenix before the end of the year.
n Boeing Co has received a $667.5 million U.S. Defense Department order to build 24 Apache helicopters for the Persian Gulf country of Qatar. Chicago-
based Boeing makes the helicopters at its Mesa production plant next to Falcon Field.
n Phoenix-based Revana and its parent company TeleTech Holdings Inc. are hiring more than 350 full-time employees for its two Valley offices.
n Chandler, which is home to the offices of a number of major tech companies, including Intel Corp. and PayPal, was ranked No. 6 by SmartAsset on its list of the best cities for women in technology.
n Oscar, a New York City-based health insurer is taking 95,000 square feet in Tempe and hiring 200 to open its health care concierge center.
These are some pretty positive snapshots of the activity happening now. There’s more to be done. It’s important to remember why companies are attracted to Arizona — workforce, quality of life and a pro-business environment — and make sure we continue to fuel that effort.
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ARE YOU READY TO SELL OR PURCHASE – I am actively looking to build relationships with Real Estate Investors and Owner Users for multi-family, office, retail, industrial and land in Phoenix- Scottsdale-Tucson-Arizona.
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
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Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
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Walter Unger CCIM
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Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
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