Major company relocating to downtown Phoenix


>>>THE LET JOE KNOW TEAM TAKING ACTION TONIGHT ALLOWING YOU TO RECOGNIZE FAKE APPS THAT COULD DAMAGE YOUR PHONE.>>THEY ARE WANTING AN URBAN LIFESTYLE.>>WE ARE SEEING THIS WITH A COMPANY MOVING FROM NORTH SCOTTSDALE TO DOWNTOWN. WHERE WILL THE EMPLOYEES PUT THEIR CARS? WE ARE HERE WITH THE DETAIL>>Reporter: IT IS A GREEN LIGHT FOR A MAJOR CORPORATION, QUICKEN LOANS, THE ONLINE FINANCIAL SERVICES COMPANY IS RELOCATING FROM SCOTTSDALE TO A BIGGER SPACE IN DOWNTOWN PHOENIX. TO CLOSE THE LEASE THEY NEEDED PARKING SPACES AND A LOT OF THEM.>>TYPICALLY, A COMPANY NEEDS AN EXTRA 40 PLACES AS MANY AS 200. BUT THEY NEED 1100. IT SHOWS THE VIBRANCY OF DOWNTOWN AND BEING DOWNTOWN IS WHERE COMPANY WANTS TO BE.>>Reporter: THEY WILL RENT THESE PARKING SPACES IN THE CITY GARAG THE CITY DEVELOPMENT LEADER SAY THAT MORE COMPANIES ARE CONSIDERING DOWNTOWN PHOENIX.>>IT IS WHAT THE WORKFORCE IS LOOKING FOR. THEY WANT THE URBAN ENVIRONMENT. AND COMPANIES ARE FOLLOWING THAT WORKFORCE, THAT TREND.>>Reporter: THEY SAY THAT A TRUE LIVE, WORK, PLAY, ATMOSPHERE IS HERE.>>I SEE HOW THEY ARE INCREASING THEIR DOWNTOWN.>>THEY KEEP BUILDING UP. THERE ARE STILL SOME VACANT LOTS DONE YOUR.>>Reporter: ACCORDING TO THE CITY OF PHOENIX, THERE ARE TECH COMPANIES, 67 DOWNTO IN 2012

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