Commercial Real Estate & Business News – August 15, 2016

There are many factors across the country-most are socioeconomic at their core-that will have tremendous impact on real estate markets over the next 12 months. Although most of the factors are national in scope, others are global. All are converging to alter the flow of real estate investment in the U.S. in certain sectors while growing development in other ways that had previously been nascent. …»
A Denver-based health care company is opening a new 550-worker pharmacy in Chandler. Davita Rx – an arm of Colorado-based DaVita HealthCare Partners Inc. (NYSE: DVA) – is opening the 76,000-square-foot pharmacy near McClintock Road and Chandler Boulevard.…»

From a day spa with lots of chandeliers and massage tables to a 30,000-square-foot liberal arts university, the transformation is complete at 8353 W. Mariners Way. Huntington University, the Arizona Center for Digital Media Arts, is set to open its doors in the West Valley later this month. …»

Developer Douglas Allred said he can’t wait to get started on Park Place II, a massive expansion of Park Place I that will bring 928,000 square feet of new office space and a hotel/conference center to a 62-acre campus near Price and Willis roads in Chandler. “We are ecstatic to get started on Park Place II,” …»
The owner of a Scottsdale tennis club is demanding $100 million in damages over the city’s plan to forcibly purchase his property in an eminent domain battle that moved to the courtroom Tuesday. Robert Hing, who has owned property near Indian Bend and Hayden roads in Scottsdale for 45 years, refuses to sell …»