Commercial Real Estate & Business News – December 3, 2014

What?s Next at the Esplanade?

The Esplanade has announced that this premier mixed-use development will undergo renovations to the ground plane and retail space with work slated to begin in first quarter 2015. Renovation plans currently include strategies to open up the three main entry points to the retail portions of the property to make them more inviting and accessible to visitors. Additionally, the walkways will be redesigned so retailers can provide their customers with… Read more »

Progressive Leasing Opening Glendale Center, Hiring 500 Workers

A Utah company that provides lease-to-own financing at retail stores is opening a new operations center in Glendale and could hire as many as 500 employees by the end of next year. Draper, Utah-based Progessive Leasing has leased 20,000 square feet at the Talavi Corporate Center near 57th Avenue and Bell Road in Glendale. The company is an arm of Aaron’s Inc. (NYSE: AAN)… Read more »

Houses to Replace Greasewood Flat, Pinnacle Peak Patio

Housing developments will replace two iconic Western haunts in north Scottsdale, under changes the City Council approved this week. The land where Greasewood Flat and Pinnacle Peak Patio operate in north Scottsdale was sold to developers for new home sites. The establishments will remain open for the time being, and owners have said they want to relocate. The Scottsdale City Council on Monday signed off on major amendments to the city’s General Plan… Read more »

So Long, US Airways Center. Hello Talking Stick Resort Arena

Good-bye, US Airways Center. Hello Talking Stick Resort Arena. The Phoenix Suns and Phoenix Mercury announced a new naming-rights deal today for the downtown Phoenix arena. Talking Stick Resort will take over the naming rights from US Airways which merged with Fort Worth, Texas-based American Airlines (Nasdaq: AAL) last year… Read more »

Fundrise Writes ‘Playbook’ for CRE Crowdfunding

Crowdfunding firm Fundrise is writing a new playbook for capital sourcing in redevelopment markets ripe for deal financing, but too small for large investors to back. The firm has created an online platform for smaller investors to participate in crowdfunded real estate projects that comply with regulatory guidance from the Securities and Exchange Commission…. Read more »