Commercial Real Estate & Business News – August 19, 2016

In what is the highest price per unit ever paid for a conventional multi-family project in the Valley, a pension fund advised by INVESCO Realty Advisors in Dallas, Tx. paid $87 million ($316,364 per unit) to buy the 275-unit Crescent Scottsdale Quarter apartments at 15345 N. Scottsdale Road in Scottsdale…»
The Koll Co. and Bahrain-based Seera Investment Bank have partnered up to acquire Amazon’s (NYSE: AMZN) 1,009,351-square-foot logistics and distribution center at 6835 W. Buckeye Rd. in Phoenix, AZ from Gramercy Property Trust and Duke Realty Corp…»

Maricopa County officials have unanimously approved taking the first step toward selling Chase Field to private owners. The minimum price for the stadium is $60 million. A sale would include the facility, and the land underneath it…»

Phoenix-based Banner Health is getting into the urgent care business in a big way. The state’s largest health system is purchasing Urgent Care Extra’s 32 facilities in Arizona. The purchase price was not disclosed…»
Just two years into a concerted effort to shift the entire greater Phoenix economy from consumption jobs to production jobs is showing double-digit results in several advanced industries…»