Commercial Real Estate & Business News – April 13, 2016

The first building totals four stories and 213,056 square feet. It is part of the larger The Grand at Papago Park Center, a major urban mixed-use project by master developer Papago Park Center, Inc. At build-out, the development will total 60 acres and 3.2 million square feet of mixed-use office, multifamily, hotel, retail and restaurant space surrounding a substantial central water feature. It will also provide approximately one-half mile of freeway frontage to the Loop 202/Red Mountain Freeway between Priest Road and Center Parkway…Read more »
City officials will consider a preliminary application to develop 12.26 acres of vacant land at the SEC of Scottsdale Road and Chauncey Lane. JLB Partners submitted their narrative for the project, called Scottsdale Marketplace, which will bring a mix of nearly 52KSF of retail, restaurant and entertainment with 301 luxury multifamily units…Read more »
A proposal that would bring a 13-story apartment building to the edge of downtown Tempe has revealed sharp divisions between business owners, residents and elected officials that go beyond the project itself. At stake is the question of where the city should literally draw the line between dense, urban construction and traditional neighborhoods west of Farmer Avenue… Read more »
A Phoenix Suns arena at the current location of the Phoenix Convention Center, a shared arena that brings the Arizona Coyotes and Arizona State University basketball downtown, a renovated and retrofitted Chase Field, a new Arizona Diamondbacks ballpark or even a new shopping mall where Talking Stick Resort Arena sits now…Read more »
Phoenix-based Alliance Residential Co. again ranks first on the list of national apartment developers, according to the National Multifamily Housing Council’s annual tally. Alliance ranked first last year. The top 25 list also includes Scottsdale-based Wolff Co. at No. 17 and some well-known developers, such as Trammell Crow, Lennar and Wood Partners with real estate footprints in the Valley… Read more »