Good morning, Scottsdale.

LevRose Commercial Real Estate hired Laurel Lewis, SIOR, as senior vice president to strengthen its office brokerage team; she brings over 30 years of experience in office tenant representation and lease negotiations that will benefit clients across Arizona.

A report shows that Arizona businesses reduced payrolls 2% more than they grew.

Last year, nearly 43,000 firms cut their workforces while 42,000 added employees (a 2% gap) and the trend is similar to what is seen during recessions.

CBRE arranged a $45.8M refinancing for Scottsdale Towne Center, a 168,090 sqft retail center anchored by TJ Maxx, Ross and Mountainside Fitness at Scottsdale Airpark.

The team secured a 5-year fixed interest-only loan for their client—highlighting renewed investor confidence in the property.

Football teams in Scottsdale are preparing for their season by playing scrimmages this week — Notre Dame Prep hosted a game Tuesday with St. Mary’s and Skyline, Chaparral plays today at Gilbert High School, and Pinnacle will visit Brophy Thursday as the season begins Aug.

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