Commercial Real Estate & Business News – February 9, 2017

The seventh-biggest company in Arizona is about to get even bigger, with Intel Corp. announcing it will bring 3,000 more workers to Chandler. The company is investing $7 billion to finish a factory it launched in 2011 but never completed. It now plans to make its most advanced computer chips at the so-called Fab 42 off Dobson Road, one of two campuses the company has in the city…»

Las Vegas-based real estate developer LaPour Partners is moving forward with plans for a new 120,000-square-foot Class A office building and 160-room AC by Marriott hotel. LaPour has picked Graycor Construction Co. to lead the design and construction of the Camelback Collective project…»

A prominently placed, HonorHealth-anchored medical plaza in Anthem was sold for $10,600,000, according to ORION Investment Real Estate. The multi-tenant medical complex located at the gateway entrance into Anthem at Anthem Way and Gavilan Peak Parkway, was sold by WCCP Anthem Medical LLC, PEA Enterprises LLC, William Metzler and Scott Douglass, managing members…»

Located at 7160 East Kierland Boulevard, 7160 Optima Kierland includes 150, studio to three-bedroom residences, ranging from 595 to 1,795 square feet. Available for 12- to 15-month lease terms, the rental rates range from $1,425 to $5,275 per month…»

Banks have certainly enjoyed a nice run on Wall Street lately. But if borrowers were hoping that a bump in stock prices would translate to sweeter deals on commercial real estate loans-think again. It is business as usual for bank lenders, and many are anticipating that 2017 lending volumes will be on par with 2016…»