Commercial Real Estate & Business News – August 4, 2020

Credit Unions are Making a Bigger Play for CRE Loans
Credit unions that have been working to grow market share in the commercial real estate lending space in recent years are taking advantage of open runway as other capital sources have pulled back in recent months. In fact, these institutions are willing to offer competitive terms and creative solutions…»
ASU Among Top 10 ‘Best Buy’ Public Schools
Arizona State University has been ranked in the top 10 “Best Buy” public schools in the 2021 edition of the Fiske Guide to Colleges, the only Arizona school to make the list. Now in its 37th edition, the Fiske Guide provides an annual snapshot into more than 320 public and private colleges and universities…»
Chandler is Getting More Medical Office Space
Construction is underway on the three-story Chandler Medical Plaza office building at 1125 S. Alma School Rd. in Chandler, Arizona. According to the latest information in CoStar, the 65,000-square-foot medical office property is 38% preleased. The upper two floors remain available for lease with…»
As Aldi Prepares to Open its First Arizona Stores, Sprouts Farmers Market CEO isn’t Too Worried
Discount grocer Aldi finally announced it will start opening stores in the Phoenix area in November and December, but Jack Sinclair, the CEO of Phoenix-based Sprouts Farmers Market Inc. (Nasdaq: SFM) said he isn’t too concerned about it. While Aldi is new to Arizona, Sprouts has been competing…»
Scottsdale Office Building Sold for $27 Million
Equus Capital Partners, a real estate investment manager headquartered in Philadelphia, has sold the Scottsdale Gateway I building for $27 million. The 107,000-square-foot building is two stories tall, includes office and medical office space and sits on 8.5 acres near 92nd Street and Mountain View…»