Commercial Real Estate & Business News January 29, 2019

Phoenix’s First Mall, Park Central in Midtown, Finally Gets Much-Needed New Look and Life
Midtown Phoenix is no longer a canyon of far-from-full office towers built more than three decades ago. The area that businesses moved away from in the late 1990s is now drawing start-ups and big companies that want to be near light rail, new restaurants, apartments, redeveloped buildings and revived historic neighborhoods. But one big piece…»
Caesars Plans 1st Non-Gaming Hotel in Scottsdale
Caesars Entertainment Corporation, the world’s most diversified casino-entertainment company today announced plans to open Caesars Republic Scottsdale, its first non-gaming hotel in the United States, as part of its plan to expand its brands and loyalty network through its licensing strategy.  Caesars Republic Scottsdale will be located adjacent to…»
Experts: Public Investment Boosting Private Commercial Development in Phoenix, Nationally
When looking to increase a property’s value, developers might first look at an investment in the neighborhood’s public space, according to a host of experts at one of the Valley’s largest development conferences on Friday. Finding ways to improve the public space in city cores was a focus at the Arizona chapter of the…»
Mark-Taylor Has $338M in Multifamily Construction Projects in the Works
Mark-Taylor Cos. is working on several multifamily construction projects while it also turns its eye toward acquisitions this year. Chris Brozina, recently promoted to CEO, said the Scottsdale-based company has four luxury apartment projects under construction, with 1,628 units totaling $338 million in development costs. That’s in addition to a…»
West Valley Leaders Help Open $80M Avalon Apartment Homes
Avondale Mayor Kenn Weise was joined by WESTMARC president Sintra Hoffman, Congressman Lorenzo Sierra, Heers Management president Brett Heers and other Arizona civic and business leaders at a VIP reception to celebrate the opening of Avalon Apartment Homes. The property, which is located at 2005 N. 103rd Ave., in Avondale, has been making…»