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Commercial Real Estate & Business News – August 30, 2013

Return of the $100M Project

They’re baaaccckkkk!!! Monster projects are rising from the landscape. It’s the return of the $100M project to the Arizona landscape. For half-a-decade, it’s been pretty quiet on the major construction front. After predictions that the market would look somewhat normal by 2014, the economists are looking pretty smart as the big projects start coming out of the ground… Read more

Scottsdale Healthcare-John C. Lincoln Combination Complete

The deal between Scottsdale Healthcare and John C. Lincoln is done. While they definitely are not calling it a merger, the two nonprofit hospital systems are calling their arrangement a “system-wide affiliation”… Read more

Banner Estrella Celebrates Construction Topping-Off

Banner Estrella Medical Center, recognized by U.S. News & World Report as one of the Valley’s top 10 hospitals, celebrated a major construction milestone today with a topping-out ceremony for the $161 million new patient tower… Read more

San Tan Valley Movie Theater Complex Planned

Maya Cinemas North America plans a 59KSF facility with 14 screens on Hunt Hwy. and Gray Rd. The complex also is to include 8.5KSF of restaurant space, 1.5KSF for retail and an 8KSF pad for a free-standing restaurant… Read more

With 4 EV Locations, Orangetheory Fitness Puts New Spin on Working Out

With nine locations in Arizona – including East Valley sites in Mesa/Gilbert, Chandler, Ahwatukee and another on the way in Tempe – Orangetheory representatives say the lineup of 144 nationwide fitness centers has gained a following from individuals looking for a more motivating and group-centered workout experience… Read more