Commercial Real Estate & Business News – June 10, 2015

Phoenix took a major hit when the housing bubble burst, but it’s also had a big recovery. The city is a favorite among snowbirds and the job market has been improving, the report found… Read more »
Phoenix, one of the cities worst hit during the recession, is coming back strong, with 3,149,124 sq. ft. of office space under construction in the first quarter… Read more »
South Scottsdale’s iconic SkySong complex — an office and residential hub known for its pointed, tentlike canopy — wants to become a destination for local food enthusiasts with plans for three or four new restaurants to open by fall 2016… Read more »
Property owners along the hipsterish Roosevelt Row in downtown Phoenix are considering whether to form a new business improvement district. The city of Phoenix approved a measure last year allowing for Roosevelt Row property owners and business to form a BID. Those stakeholders are now considering the prospects. That includes whether and what kind of taxes or assessments they would impose on themselves… Read more »
Peoria-based Plaza Cos. has teamed up with Indianapolis-based Duke Realty to build a $32 million medical office project at Banner Estrella Medical Center in Phoenix. This will be the second medical office building that Plaza will develop on the 50-acre Banner Estrella campus. The first was in 2005… Read more »