Commercial Real Estate & Business News – February 11, 2015

Dr. John Simon, a radiologist who founded SimonMed Imaging Inc., plans to develop a $30 million health campus next to St. Joseph’s Westgate Medical Center in Glendale. He said this project at the northwest corner of 99th and Glendale avenues would be the first comprehensive health care campus in Arizona… Read more »
ENVY Residences announced it has completed the sale of 21 luxury condominiums within the Old Town Scottsdale development, which will break ground early this spring. This completes the first phase of sales for ENVY Residences. The units were purchased by a number of buyers from Arizona, California, New York and Canada and ranged in price from $350,000 to $1.4 million each. The developer, Deco Communities, says demand appears quite strong for high-end new condominium construction in Scottsdale and across the Valley…Read more »
ORION Investment Real Estate is pleased to announce the successful sale of The Glen condominiums located near 63th Avenue and Bethany Home Road in Glendale, Arizona. The condominium complex consists of 200 total units, of which 129 were just sold for $5,000,000. The Seller in the transaction was Janet Azar and David Farjoodi of The Glen Condominiums, LLC, which is based in Woodland Hills, California. The buyer was North63 Holdings LLC, based in Vancouver, BC… Read more »
Investment Property Associates celebrated the grand opening of its first multifamily development in Scottsdale with a ribbon cutting ceremony at Liv North Scottsdale. The luxury apartment community is situated on 5.83 acres near the corner of Scottsdale Road and Greenway Hayden Loop in North Scottsdale. IPA co-developed the property with PB Bell & Associates… Read more »
Twenty Arizona RadioShack Corp. stores are among the 1,784 targeted for potential closure by the electronics retailer that filed for Chapter 11 bankruptcy Feb. 5. There are 45 other Arizona RadioShack stores not on the list, some of which could be bought and rebranded as Sprint stores… Read more »