Commercial Real Estate & Business News July 12, 2018

Developers of a proposed mixed-use project on the border of Phoenix and Scottsdale were asked to forgo density and add parking after the Paradise Valley Village Planning Committee recommended approval of the project with conditions in response to input from the community…»
After practicing in the psychiatric field for nearly 20 years, Dr. Martin Newman figured it was time to build his own hospital. “There has been a lack of acute psychiatric bed availability in Maricopa County,” Newman said. “Due to that and the level of care that was being prescribed here in Maricopa County…»
(Bloomberg)-The only thing more dangerous for America’s malls than a string of apparel-chain bankruptcies is when the trouble hits department stores. Retailers like J.C. Penney Co. and Macy’s Inc. are considered “anchors” that keep malls humming and foot traffic flowing…»
PHOENIX, ARIZ. – Logistics real estate leader Prologis, Inc. has selected Graycor Construction Company as the general contractor for its new Prologis I-17 Logistics Center – Phase I, a Class A flex industrial development that sits on 25 acres of prime infill space within Phoenix’s 7th Street corridor…»
One of the largest medical technology companies in the world will be the first tenant for the new I.D.E.A. Tempe campus.  The Peripheral Intervention business of BD (Becton, Dickinson and Company) will be the first tenant in a new building at the Tempe Town Lake development. It will open in late 2019…»