Commercial Real Estate & Business News April 8, 2019

Arizona Center in Downtown Phoenix $25M Makeover, Two New Towers The 30-year-old office, shopping and restaurant development has a new look, new tenants and soon will have a new boutique high-rise hotel and an apartment tower underway. Owners of the 1 million-square-foot development at Third and Van Buren streets just spent $25 million to open and brighten up the Arizona Center…»
Entertainment Corridors Ignite Strong Economic Growth and Development
There is so much potential for Arizona with the expansion of these entertainment corridors. As Binsbacher said, “These facilities that we’ve talked about and all of the developments are critical not just during Spring Training but year-round.”…»
New Sprouts Grocery Store Coming to Laveen in Upcoming Expansion
Sprouts Farmers Market said it plans to open 13 stores during the second half of 2019, including a new location in Laveen. The store at 59th Avenue and Baseline Road will join 40 other Sprouts markets in Arizona. Only California and Texas have more locations – 118 and 44, respectively…»
WeWork Moves Into Downtown Phoenix
WeWork is clearly a benefit for the downtown hub, but the market could also be a benefit to WeWork. The co-working operator has signed more corporate users in Phoenix than start-up operations or one- or two-person project teams-although it does retain some of that business…»
Luxury Housing Values Skyrocket as Consumer Desires Eclipse 20th Century Staples
Numbers suggest, and experts agree, spring 2019 could be a baseline of boom years to come as the sales of million dollar homes in the Town of Paradise Valley continue to realize significant gains in average sale price, sales volume and price per square foot…»