Commercial Real Estate & Business News August 6, 2019

Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the savviest owners in the food business.He’s been nominated 11 times for the James Beard Award as Outstanding Restaurateur, and he has been featured on the Power List at Nation’s Restaurant News. His restaurants range from comfortable, all-day hangouts for…»
Compass Datacenters Builds First Two Projects in Phoenix
Compass Datacenters is building its first two data center projects on its campus in the Phoenix suburb of Goodyear. The two buildings will deliver a combined 72 megawatts of IT load.According to Compass’ CEO, Phoenix is an important market for cloud and hyperscale customers, due to its geographic location,…»
Southwest Valley Ranks No. 1 in the Nation for Industrial Prospects
Phoenix’s Southwest Valley submarket has placed top in the nation for industrial prospects looking for space to relocate or expand their operations, according to the newly released JLL Q2 Phoenix Industrial Insights report. According to JLL, this includes 83 tenants in the market with a maximum requirement of more than 30…»
Metro Phoenix Leads Nation in Construction Jobs Added
Construction employment grew in 253 out of 358 metro areas – or 71 percent – between June 2018 and June 2019, declined in 61 and was unchanged in 44, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said the employment gains would likely…»
A Slice of Gila River Tribal Land Could Connect to West Side’s ‘North Scottsdale’
Avondale leaders want a small slice of land in the Gila River Indian Community on metro Phoenix’s southwestern fringe.The city views the land as crucial for expansion. The Avondale City Council voted in June to buy just more than 18 acres of the tribal land south of the Estrella Mountains to connect to 35,000 acres of…»