Newmark Secures $151M In Financing For 30-Property Industrial Portfolio In Arizona

Via PHOENIX — Newmark has secured $151 million in financing for a 30-property industrial portfolio in Arizona. The portfolio contains more than 4 million square feet of space occupied by more than 1,000 tenants. The 15-year non-recourse loan features a rate below 4 percent. The portfolio is a mix of light industrial / manufacturing buildings with small to medium bay depths. The properties are located in Phoenix, Tempe, Mesa,

Orbital ATK Opens Gilbert Engineering Facility, Plans To Hire 155

Via Virginia-based aerospace and defense firm Orbital ATK opened a 60,000-square-foot workspace in Gilbert for its engineers working on the satellites being manufactured next door. In the next five years, Orbital ATK will be hiring 155 employees to work at the satellite engineering facility, said Rick Kettner, Orbital ATK Gilbert site director. The engineering building opened this week and has 200 employees on site. The engineers moved from Orbital

Gilbert Reaccredited By International Economic Development Council

Via The International Economic Development Council (IEDC) announces that the Gilbert, Arizona Office of Economic Development has once again been recognized as one of 57 economic development organizations accredited by IEDC as an Accredited Economic Development Organization (AEDO). Originally accredited in May 2013, Gilbert, AZ was reaccredited by the IEDC following four successful years of activity, productivity and operational excellence. “The Gilbert, Arizona Office of Economic Development displays the

Arizona Cities Are the Happiest Places to Live

When it comes to the pursuit of happiness, the Phoenix area might be doing alright. Via According to a report by WalletHub, Valley cities like Scottsdale, Chandler and Gilbert are among the happiest places to live in the U.S. The study bases its findings off of metrics that fall into three primary categories: emotional and physical well-being, income and unemployment, and community and environment. Those are calculated by more

Bush Photo

Despite having inked deals near some of the best restaurant hubs in greater Phoenix, an Austin-based restaurant has picked the West Valley for its first Arizona location. Via Bush’s Chicken of Texas, a fried chicken chain, has chosen a location at 73rd Avenue and Bell Road in Glendale as its first out-of-state location, according to The Arizona Republic. The new location will open Monday, March 20. The fast-food restaurant, which

Scottsdale named one of America’s hardest working cities

Scottsdale finished at No. 6 overall, Gilbert at No. 14 and Chandler at No. 19. Via The financial analysis website and service, ranked 116 cities across six metrics. Scottsdale came in behind Anchorage, Alaska; Plano, Texas; Cheyenne, Wyo.; Virginia Beach, Va. and Irving, Texas. Gilbert came in at No. 14, while Chandler ranked 19th in the study. Phoenix came in 51st and was followed by Mesa (70), Glendale (74)

Jason's Deli closes store near Chandler Fashion Center

The Jason’s Deli on Frye Road across from the Chandler Fashion Center mall has closed. The one near Ray Road and 54th Street in Chandler remains open. Via The store’s windows are covered and the southeast Valley location has been removed from the deli’s website. A Jason’s Deli spokeswoman provided this statement when contacted by “We tremendously enjoyed serving our guests at our Chandler Mall deli. With our

Phoenix, Valley cities rank in top 50 best cities for job seekers

NerdWallet conducted a study analyzing the 100 largest U.S. cities for the best cities to find work in. Source: NerdWallet: Phoenix, Valley cities rank in top 50 best cities for job seekers – Phoenix Business Journal In a recent NerdWallet ranking of the top cities for job seekers, Phoenix ranked 50th. Enlarge Phoenix JIM POULIN/PHOENIX BUSINESS JOURNAL Using the unemployment rate for the city, employed population growth, median annual earnings

Gilbert specialty Cake Bakery has 1-year Anniversary

“Let them eat cake” is Chelsea Mellor’s mantra. But she isn’t reflecting Marie Antoinette’s scorn for the poor that those words first evoked. For Mellor, they reflect the spirit of her business, Iced for Life, which just marked its one-year anniversary at 1490 E. Williams Field Road in Gilbert. “I got into this business because cake makes people happy, and if I can make someone’s day better with a delicious