Commercial Real Estate & Business News December 12, 2018

Allstate Insurance Company plans to bring 2,500 new jobs to Chandler and could open a new corporate campus in the area. Allstate would become part of a growing number of large insurers operating in metro Phoenix, including State Farm in neighboring Tempe and USAA in north Phoenix.  Allstate already leases 217,000 square feet of office space at Park Place in the Price Road Corridor…»
Scottsdale is becoming a top submarket in the Phoenix metro for large corporate users. The market has access to talent and quality office space, making it a good fit for corporate tenants, and asset values are increasing. Parallel Capital Partners sold Kierland Corporate Center, one of the top addresses in the market…»
HonorHealth broke ground on its sixth hospital today at Interstate 17 and Dove Valley Road in north Phoenix. The three-story, 210,000-square-foot HonorHealth Sonoran Medical Center will be built on the campus that currently houses the Sonoran Health and Emergency Center. The site will include an inpatient hospital, ambulatory surgery center and outpatient center to meet the growing health…»
Greystar Real Estate Partners LLC has been busy buying and selling apartment complexes in metro Phoenix, plopping down $239 million for 1,186 units around the region. The Charleston, South Carolina-based investment firm bought the three-property, 845-unit Acacia portfolio on behalf of its real estate funds. Those East Valley properties include Chandler Court, 3800 W. Chandler Boulevard…»
Great Wolf Lodge Arizona took another significant step in the construction process as Mortenson hoisted into place the final steel beam of the resort structure.  The beam placed during the ceremonial “topping out” event this morning is part of the resort’s 27,000 square-foot Great Wolf Adventure Park, a family entertainment center with attractions such as a ropes course…»