Commercial Real Estate & Business News August 1, 2018

Graycor Construction Company has completed the first of three “Panel Lifts” at TEN Distribution Center 1, providing an initial glimpse at the size and scope of building one at Irwin G. Pasternack AIA + Associates PC’s planned $300 million, 3.6 million-square-foot industrial park in Phoenix, Arizona. The first panel lift at TEN Distribution Center took place late June at the project site, located at 83rd Avenue…»
Once the deal to buy five of its subsidiary companies goes through, Scottsdale-based Services Group of America will turn most of its attention to real estate and other investments. On Monday, SGA and Rosemont, Illinois-based US Foods Holding Corp. (NYSE: USFD) said they had worked out a deal valued at $1.8 billion in cash that would result in US Foods buying five…»
New apartment complexes are opening or have opened recently in the southwest Valley from luxury condominiums in Chandler to urban living in Tempe. Developers in metropolitan Phoenix are planning to build more than 10,300 new apartments this year, a study by RentCafe, a nationwide apartment search website, shows. That’s 55 percent more apartments than last year.…»
Tucson, Ariz. – The Marshall Foundation is pleased to announce it has entered into an agreement with Core Tucson Main Gate, LLC to create “Graduate Tucson & The Collective at Main Gate,” a one-of-a-kind urban gathering place in Main Gate Square, near the University of Arizona, featuring a boutique hotel, residential apartments for adults of all ages, retail, restaurants and a public plaza.…»
Almost 85,000 trailers, manufactured homes and mobile homes dot metro Phoenix. The Phoenix area has historically had a higher percentage of households living in factory-built homes than other major cities around the West. These mobile-home parks have been a significant part of metro Phoenix’s housing market since the 1950s, particularly for retirees and low-income families…»