Commercial Real Estate & Business News – January 16, 2015

Meritex Developing Industrial Project Near Chandler Airport

After entering the Valley market last year with the purchase of an industrial project in the Deer Valley area of north Phoenix, Meritex Enterprises Inc. in Minneapolis, Mn. (Paddy McNeely, CEO) is now going to develop and industrial project in Chandler. Meritex plans to develop 210,926 sq. ft. of light industrial space at the southwest corner of Germann and Cooper roads. The 21-acre site is north of the Chandler Municipal Airport… Read more »

Top 5 Scottsdale Projects Opening in 2015

Expansions at two major shopping malls, new corporate offices and high-end urban housing are among several major Scottsdale development projects scheduled to open this year, providing a boost to the city’s already-robust shopping, dining and employment sectors. Post-recession construction has ramped up across the city, a fact made evident by the increasingly-familiar sight of cranes, scaffolding and wood-framing at work sites from Old Town to the Scottsdale Airpark… Read more »

Construction Ramps Up at PhoenixMart Commerce Center

Grading is under way at PhoenixMart, a huge bazaar-style trading center south of Phoenix, billed by its developers as the largest commerce center in the Western Hemisphere. The 1.5 million-square-foot PhoenixMart, being built along Interstate 10 in Casa Grande, AZ, will be comprised of more than 1,700 vendor suites when it opens by the end of the year… Read more »

Speculative Class A Office Campus Slated for Chandler

The real estate arm of Prudential Financial Inc. (NYSE: PRU) and the Trammell Crow Co. are developing a speculative office park in Chandler. Prudential Real Estate Investors and commercial developer Trammell will build two two-story office buildings near Chandler Municipal Airport as part of their Mach One project… Read more »

ASU Skysong?s Newest Building Approaching Full Occupancy

SkySong’s newest 145,000-square-foot building at the ASU Scottsdale Innovation Center, which officially opened this week, already is approaching full occupancy. The four-story $32.6 million office building is situated southwest of the 120-foot-tall iconic shade structure of SkySong’s 42-acre campus at Scottsdale and McDowell roads. Among its diverse nine tenants… Read more »