Commercial

Startup Hurdles Are Turning East Valley Into 'Tech Wasteland'

Via azcentral.com East Valley leaders have touted growth in tech industry jobs, even going as far as calling the area the “Silicon Desert,” but a pair of entrepreneurs are concerned that tech startups face too many barriers when doing business in Arizona. Doug Guilbeau, a Tempe native, and Geoff Mobisson experienced those challenges as they built a Chandler-based software company, Levementum. The two men became friends and later they decided

Hobby Lobby Opening Two Tucson stores And A Third In Nogales

Via tucson.com Hobby Lobby has one location in Tucson now, on the northeast corner of East Broadway and North Craycroft Road. Construction continues at West Irvington Road and Interstate 19. Announced last year by developer Bourn Cos., The Landing has attracted several tenants including Hobby Lobby, T-Mobile, Jersey Mike’s Subs, Southern Arizona Urgent Care, Chipotle, and Oregano’s. Hobby Lobby has one location in Tucson now, on the northeast corner of

Northwest Side Apartment Complex Fetches $37.6M

Via tucson.com Tucson’s apartment market continues its hot streak with the recent $37.6 million sale of Mission Palms complex on the northwest side. Art Wadlund and Clint Wadlund, of Berkadia, represented both the buyer, ROC Senior Living, and the seller, Stoneweg US LLC. “We’ve seen strong apartment demand across the Tucson market all year,” Art Wadlund said. “Mission Palms was a great investment opportunity due to the quality of the

Phoenix Doesn't Have Enough Apartments short-term Either

Via azbigmedia.com Despite delivering 22,952 new apartment units from 2011 to 2016, demand vastly exceeded supply by approximately 7,100 units; if based on 2016/17 population estimates which saw Maricopa rank No. 1 in the country in population growth, the deficit rises to approximately 12,000 now and 18,000 by 2020. In fact, if Medium Range Growth Projections are used, a more likely scenario given Maricopa’s status as fastest growing county in the

New Shopping Center Coming to Life On Tucson's South Side

Via tucson.com Construction continues at West Irvington Road and Interstate 19. Bourn Cos. pulled three permits for retail shells, and Irvington is being widened to accommodate future traffic. The shopping center will sit on 58 acres. About 220,000 square feet of shopping space is scheduled to be online this year. Chipotle is building a $300,000 restaurant on the site. July 12, 2017. By 2020, the shopping center could have 600,000

Arizona's First Whole Foods Market 365 Breaks Ground In Tempe As Part Of Apartment Project

Via azcentral.com Downtown Tempe will get its first new grocery store in more than a decade and Arizona’s first Whole Foods Market 365. The popular grocery chain, which caters to buyers looking for organic and fresh foods, recently launched the 365 concept with smaller, more affordable markets. “Our 365 stores deliver the same quality that our customers have come to expect but in a convenient and fun new format that provides exceptional value,” Whole

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

Via rebusinessonline.com 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,

Plaza Companies Awarded New Economic Development Zone in Peoria

Via azbigmedia.com The Peoria City Council voted Tuesday night to enter into a new agreement with Plaza Companies on a significant new development project at the Loop 101 and Peoria Road. Plaza Companies will enter into a long-term ground lease on the 14-acre property, located at the southwest corner of the highly trafficked intersection. Plaza will design, lease and develop the city-owned parcel to create a new commercial office complex and attract new business to the community.   This unique site is one of the

Apache Solar Project Nearly Complete, Will Serve Duncan Valley Co-op Energy Needs

Via eacourier.com The 20 MW Apache Solar Project, just across from AEPCO on Highway 191, near Cochise, is expected to begin providing renewable energy for all six Arizona G&T Cooperative Class A members by mid September. Geoff Oldfather, Arizona G&T Cooperative communications and public relations manager, said member distribution cooperatives are required to meet new renewable energy standards in their respective states of Arizona and California. “Each of the six

Phase 1 Of Colossal ASU Tempe Makeover Begins; 20,000 Jobs Expected

Via azcentral.com The first phase of a project that will fundamentally reshape the east end of the Arizona State University campus and help fund the university’s athletic department is under way. ASU and Oakland, California-based Catellus Development Corp., aim to develop 330 acres of ASU property and ultimately expect to bring about 20,000 jobs and 5,000 residents to the area. The sports facilities district project, dubbed the Novus Innovation Corridor,