Commercial Real Estate & Business News December 7, 2018

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…»
While regional malls have been hit particularly hard recently by the loss of underperforming department stores, open-air shopping centers haven’t gone completely unscathed as they’ve lost anchors like Kmart and Toys ‘R’ Us. However, David Jamieson, executive vice president and COO of retail REIT Kimco Realty Corp., says the shopping center operator was prepared…»
The Valley’s first-ever 40-foot clear height, fully speculative industrial project has been built in Goodyear. Lincoln Property Co. recently completed the $85 million Lincoln Logistics 40, which totals 901,770 square feet of industrial space. “This is the time to deliver industrial product in Phoenix, particularly in the large big-box sector,” said John Orsak, Lincoln’s director of real estate…»
OAK BROOK, Ill.-(BUSINESS WIRE)-#Arizona-Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a portfolio of eight medical office buildings located in Mesa, Chandler, Gilbert, Glendale and Scottsdale, Arizona. Matthew Tice, senior vice president of Inland Real Estate Acquisitions LLC, completed the deal, with assistance from David…»
Associated Builders and Contractors Chief Economist Anirban Basu forecasts another strong year for construction sector performance, yet warns about inflationary pressures, according to a 2019 economic outlook published today in Construction Executive magazine. Job growth, high backlog and healthy infrastructure investment…»