Commercial Real Estate & Business News – August 5, 2015
Natural Grocers Slates Scottsdale Store Opening Date Natural Grocers will open its first Phoenix store Aug. 11. The new store will be at 13802 N. Scottsdale Road. As part of its grand opening, the first 100 customers will receive a gift card up to $100. Natural Grocers already operates four Arizona stores in Sedona, Tucson, […]
Commercial Real Estate & Business News – August 4, 2015
Cohen Asset Management Adds to Portfolio…Pays $20.32 Million for Industrial Facility A company formed by Cohen Asset Management Inc. paid $20.32 million ($64.80 per foot) to acquire a 313,600-square-foot industrial project located at 4550 W. Watkins Street in Phoenix. The seller was Kansas City Life Insurance Co. The 19.7-acre manufacturing facility, which was developed in […]
Commercial Real Estate & Business News – August 3, 2015
Viawest/AllianceBernstein Buys Biltmore Financial Center for $163.1 Million A company formed by ViaWest Properties and AllianceBernstein paid $163.1 million ($257.48 per foot) to purchase the Biltmore Financial Center office project at the northwest corner of 24th Street and Camelback Road in Phoenix. The seller of the three-building, 633,459-square-foot complex was East Camelback Road Inc., a […]
Commercial Real Estate & Business News – July 31, 2015
Infill developer bringing $40M hipster-focused condo project to Central Avenue Deco Communities — which has developed and redeveloped infill condominiums and apartments in Phoenix, Scottsdale and Las Vegas — is starting sales and will soon break ground on a new $40 million residential project in midtown Phoenix. The Edison Midtown condos are being built at […]
Commercial Real Estate & Business News – July 30, 2015
Haggen Grocery Expansion Hits Snags, Faces Albertsons Lawsuit Rolling out 146 new stores was never going to be easy, but Haggen has run into even bigger challenges than the Bellingham, Washington-based grocery chain may have anticipated. Haggen announced last year it would take over many of the stores vacated by Albertsons and Safeway after the […]
Commercial Real Estate & Business News – July 29, 2015
New Capital Continues to Come to Multifamily The market for apartment properties is likely to keep expanding. That’s despite the fact that the business of investing in apartments has already been in expansion for six years, since property prices hit their low point in 2009. No boom lasts forever, but the long, slow recovery from […]