Commercial Real Estate & Business News – August 24, 2016

The city of Tempe is moving forward with agreement negotiations for the development of the city’s first biomedical and technology campus on 18 acres of land west of the Tempe Center for the Arts. The property is located on Rio Salado Parkway, on a site that will require environmental remediation. …»
Arizona’s economy is shedding its underperforming label and will start to push above the national average, according to a new report. Robert Kavcic, senior economist at BMO Capital Markets in Toronto, expects the state’s economy to grow by 2.1 percent this year and 2.4 percent next year…»

A Mesa native is continuing his efforts to help lure restaurants to Mesa’s Main Street. Two years ago, Kelly Smith and some of his friends tackled a project they named Project Downtown Mesa. It came about after Smith, his wife and two other Mesa couples headed out for dinner one evening. They ended up in downtown Gilbert.…»

The recent controversy surrounding Valley businesses, a recently formed nonprofit and a number of lawsuits is seeing no signs of slowing. Several businesses in metro Phoenix – including mom-and-pop shops, Paradise Valley Mall and CVS Pharmacy – have found lawsuit notices…»
Scottsdale developers Richard Felker and Rich Zacher have started construction on a new 44-home gated, semi-custom home development at 40th Street and Osborn Road in Phoenix. The Villas at Baker Park are being built on what used to be the Baker Nursery property.…»