Commercial Real Estate & Business News – February 12, 2016

Carlisle Companies Inc., a $3.5 billion global diversified manufacturer, will relocate its Corporate Headquarters to Phoenix beginning in the second quarter of this year. Founded in 1917, Carlisle’s current Corporate Office is in Charlotte, North Carolina. Carlisle manufactures a broad range of products including commercial roofing, interconnected products, fluid handling technologies, brake and friction systems, and foodservice products…Read more »
Davis Enterprises – Investments & Development, a family-owned business with a successful track record of many investments and redevelopment projects in retail, office, industrial and multifamily throughout the Valley, has received approval from the City of Tempe to begin construction on a prime retail project at 1015 S. Rural Road (North of Apache Boulevard) in Tempe… Read more »
Another fast-casual pizzeria concept is entering the Phoenix metro this year: LA-based Blaze Fast Fire’d Pizza. The chain — backed by basketball star Lebron James, former talk show host and California first lady Maria Shriver, Boston Red Sox co-owner Tom Werner and movie producer John Davis — announced plans to open four locations throughout Phoenix in the next several years, including locations within Arizona State University…Read more »
“The Scottsdale Executive Square transaction serves as yet another example of the demand to secure a position along this dynamic stretch of Scottsdale Road. While there is not much excitement surrounding Class B Suburban Office as an asset class, generally, this particular asset was located on a 97,200 square foot under-improved site with several hundred feet of frontage along Scottsdale Road. In a corridor where similar sites are regularly trading well in excess of $50 per square foot, Scottsdale Executive was very attractive when viewed as an income producing land bank play,” said Braxton Glass, Vice President at ORION… Read more »
UnitedHealthcare and Chicanos Por La Causa Inc. (CPLC), are partnering to help Phoenix-area low- and moderate-income individuals and families access quality, affordable housing. The partnership is part of a pilot program by UnitedHealthcare called myConnections, which was developed to provide low-income individuals and families with access to essential social, medical and behavioral services that can have a significant impact on health and quality of life… Read more »