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Multifamily Capitalizes on Employment Growth

SCOTTSDALE, AZ—Meanwhile, another 1.5 million square feet of office product is now actively in development, as tech and healthcare companies seek employees.

By Lisa Brown | Updated on December 20, 2015

SCOTTSDALE, AZ—Downtown Scottsdale is experiencing unprecedented employment growth from healthcare, technology and financial services companies. Proximity to advanced education, abundant amenities and excellent demographics continue to attract top companies such as Yelp, Zenefits, Scottsdale Healthcare, Weebly, Groupon, CA Technologies, McKesson, Softwench Solutions, Yodle, Theranos and Webfilings.

Multifamily continues to capitalize on that employee-driven growth. One such asset is Luxe Scottsdale, built with an urban design, condominium finishes and community amenities. The first of four developments in Arizona, it was recently developed by seller, Atlanta-based Wood Partners and acquired by Passco Companies.

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