Commercial Real Estate & Business News – August 6, 2014

In a fiercely competitive market, investors are constantly looking for the next big thing—the next Chipotle or Starbucks that will beat the restaurant odds. To spot these up and comers, predictive analytics company Czar Metrics sifted through data from Twitter, Foursquare, online review sites, Facebook and blogs to create a list of the top-10 emerging restaurant brands… Read more »
Former Mesa mayor and current gubernatorial candidate Scott Smith called it. “Someone is going to see the value of the Fiesta District and do something with those empty shopping centers,” he told AZBEX in an interview earlier this year. Aptly named Phoenix Rising Investments, LLC, has acquired an empty plaza at Southern Avenue and Longmore Drive… Read more »
The Scottsdale Cottonwoods Resort and Suites has a new owner this week and plans have been approved by the Town of Paradise Valley to overhaul the thirty-four year old resort near Scottsdale Road and Lincoln Drive. Philadelphia-based value-added real estate investment firm Lubert-Adler Real Estate Funds paid $10,869,624 for the 171-room resort… Read more »
Apple Inc.’s Mesa plant is nearly complete and ready for full volume production levels. Apple Insider reports the 1.4-million-square-foot plant, which is occupied by Apple supplier GT Advanced Technologies, is nearing full build out and just about ready to hit mass production… Read more »
A company formed by Haagen Co. LLC in Los Angeles, Calif. (Alexander Haagen, III., principal) paid $44.5 million ($137.32 per foot) to purchase a 324,068-square-foot power center retail development in Goodyear. The 31.41-acre project, called Goodyear Centerpointe, is located along the north side of Interstate 10 at the southeast corner of McDowell Road and Pebble Creek Parkway. The seller was Evergreen… Read more »