Commercial Real Estate & Business News – June 26, 2015
Entertainment Supercenter Enters Phoenix Market With Gilbert Location A new business in Gilbert is hoping to attract customers by offering movies, bowling, mini golf and pizza all under one roof. FatCats, a Provo, Utah-based company, opened its latest location in Gilbert this month in a 53,000-square-foot space near Greenfield and Baseline roads… Read more » Personal Incomes […]
Commercial Real Estate & Business News – June 23, 2015
Parallel Capital Partners Acquires Class A Phoenix Tower for $93.75 Million Expanding its Phoenix area footprint, San Diego-based Parallel Capital Partners announced today it has acquired One North Central – a 20-story, trophy office building in downtown Phoenix – for $93.75 million. The 410,000-square-foot Class A, LEED Silver, Energy Star-rated tower was acquired from One […]
Commercial Real Estate & Business News – June 22, 2015
ASU To Break Ground On Facilities District Next Year Groundbreaking on the first developments in the Arizona State University Athletic Facilities District could come as early as next year. The 330-acre urban community east of Sun Devil Stadium is ASU?s development endowment to continually raise funds for top-of-the-class athletic facilities at the school. The university […]
Commercial Real Estate & Business News – June 19, 2015
Adaptive Reuse Development In Phoenix Sells For $36m An adaptive reuse project near Paradise Valley Mall has sold for $36 million. The Cactus Forty-2 apartments were sold by a joint venture operated by Southwest Next Capital Management’s Joe Meyer and Cachet Homes’ Matt Cody to a Texas buyer, Olympus Property. The 200-unit complex sold for […]
Commercial Real Estate & Business News – June 18, 2015
With Takeover of Target’s Pharmacies, CVS Gains 5 Years of Growth in One Deal CVS Health Corp. reached a deal this week to acquire Target Corp.’s pharmacy and clinic businesses for $1.89 billion. Through this agreement, Rhode Island-based CVS will acquire Target’s more than 1,660 pharmacies across 47 states and operate them under a store-within-a-store […]
Commercial Real Estate & Business News – June 17, 2015
Multifamily Developers Counting on Demand Through 2017 Developers planning new apartment buildings today won’t finish for two years or more in many parts of the country—hundreds of thousands of apartments now under construction have already softened the national multifamily markets. But many developers are now planning new projects anyway. “It’s kind of late in the […]