Commercial Real Estate & Business News August 27, 2018

Economic conditions have improved “dramatically” in recent months for Arizona and the nation, and state-growth projections have been revised upward, according to a new report produced by the Governor’s Office.  But the prospect of rising interest rates and inflation could dampen the outlook a year or two down the road…»
American Express soon will begin construction on a fourth building at its north Desert Ridge campus that will house 3,000 employees. The more than 300,000-square-foot, four-story building will join three buildings existing on a 90-acre campus at 56th Street and Mayo Boulevard. The building will have four wings, an outdoor common area and a collaborative work environment…»
Daniel Lupien, managing partner of Palmer Development Group, said White Castle’s desire for a highly visible location off the freeway made the Block at Pima Center appealing. “Once they made their decision to come to Arizona and started looking at options, the Block emerged as the best site for them to land because of all the benefits to being close to the 101 and entertainment,” Lupien said. “They wanted a flagship location on the freeway and we were the only development that offered that.”…»
PHOENIX, ARIZ.  –  Irgens – Phoenix announces that Bridgepoint Education, Inc., has signed a long-term lease at the company’s Ascend at Chandler Airport Center project, located at 1181 E. Northrop Blvd. Bridgepoint Education will use the property for a call center, general offices, and administrative offices. “Irgens builds new opportunities for our clients with each project…»
Optima Kierland Center, the well-known high-rise luxury condominium and rental community in Scottsdale, announced today that they have broken ground on the second phase of condominium homes for sale at the award-winning development with an expected completion date of 2020. Located at Scottsdale Road and Kierland Boulevard, the first condominium tower of Optima Kierland…»