orion-investment-real-estate-logo

nick@nickminer.com  480-612-0384

Commercial Real Estate & Business News – April 1, 2013

No Daily News Today – April Fools!

Here are the news articles you might find interesting today for commercial real estate and business:

Allstate Renews, Expands to 35,000 SF Allstate Insurance Co. has opted to stay put at Mesa Corporate Center, signing a new lease that expands its space to 35,560 square feet. The insurance company will remain in its current digs at 1001 W. Southern Ave. for another eight years. View article…

Harkins Theatres to open state-of-the-art movie theatre in Queen Creek Harkins Theatres announced Friday it will develop a new site in Queen Creek, Arizona. According to a release, the new cinema complex, Queen Creek 14, expects to open by late 2014. The Queen Creek Marketplace venue will feature a 14 screen megaplex including all-digital projection and a $6.00 childcare service called Harkins PlayCenter. View article…

West Valley National Bank expanding with new Goodyear space West Valley National Bank is expanding into a larger space in Goodyear, and gaining a handful of employees as part of the move from Avondale. Bank President and CEO Candace Wiest said today that West Valley National Bank has filed with the U.S. Comptroller of the Currency for the move its office to 2440 N. Litchfield Road in Goodyear. View article…

Company wants to build huge power towers near Yuma Maryland’s Solar Wind Energy is working with the town of San Luis, Ariz. to build a pair of power-generating skyscrapers on the U.S.-Mexico border near Yuma and they would be the second-tallest structures ever built. The blueprint calls for each tower to be 2,200-feet high and use a combo of Yuma’s incredible summer heat and water piped in from Mexico to spin huge turbines to create 500 megawatts of power each. View article…

PCH opens Down Syndrome Clinic Nearly six years ago, Lynda Christel gave birth to Colten, who has an extra chromosome. At first, she didn’t want to accept that her newborn son had Down syndrome. View article…

Ember Grill plan may well be flickering out for Shea Blvd. Northeast Phoenix residents looking forward to the opening of the Ember Grill will have to keep on waiting. A sign outside the empty building at 3131 E. Shea Blvd. in November announced the restaurant’s eminent arrival. The sign may have been premature, though, as the Ember Grill’s owners and the property owner have yet to complete a lease agreement, and the property is back up for sale. View article…

Vacant offices in 1985 building could become loft apartments A vacant Scottsdale office building would be converted to 56 loft apartments under a plan submitted last week to the city. Joel Broder, Niche Residential chief executive, proposed an adaptive reuse of a 1985 red-brick building of 71,000 square feet southeast of 92nd Street and Shea Boulevard. View article…

Oregano’s finally reaches out to West Valley diners After years of lobbying that included threats and nasty e-mails, the West Valley is getting its first Oregano’s Pizza Bistro. The pizzeria is moving into 6738 W. Bell Road in Glendale, currently a Joey’s of Chicago hot dog shop. View article…

Who’s Buying Fresh & Easy? It looks like Tesco may have found a potential buyer or buyers for its Fresh & Easy division. Our sister publication, Supermarket News, reports that Tesco CEO Philip Clarke plans to arrive in the U.S. for negotiations next week. View article…

Steve’s Espresso: 2 sugars, cream and hold the Wi-Fi Walk into Steve’s Espresso Caf and Bakery and it is full of people laughing, drinking coffee and eating fruttatas. Lively music plays in the background. There is one thing, though, that everyone in the caf is not doing that they do at most other coffee shops: staring at their smartphones, tablets or laptops. Steve’s Espresso no longer has Wi-Fi. Deliberately. View article…

Phoenix drops slightly in latest economic rankings Phoenix fell two spots in the monthly economic index compiled by On Numbers, a research arm of American City Business Journals, the parent company of the Phoenix Business Journal. The Phoenix metropolitan area ranked 32nd in March, down from 30th in February in the monthly index, which measures the economic vitality of the 102 major metropolitan areas with populations larger than 500,000. View article…

NREI/Marcus & Millichap Investor Sentiment Index Hits New High in First Quarter Investor confidence in commercial real estate continues to climb to new heights. The NREI/Marcus & Millichap Investor Sentiment Index rose to another record high in the first quarter of 2013 – up 3 points to 174…View article…