Commercial Real Estate & Business News – June 16, 2016

Up to this year, the global economic story has been one of the U.S. and then the rest. The U.S. continues to lead the economic pack, while the E.U. and Japan are stuck in tepid growth, fending off recession. All the while, China attempts to stem its economic deceleration. In 2016, it seems this narrative…»
Oscar, a New York-based health insurance company, selected Tempe for an operational expansion after a competitive process that included working with economic development representatives from the Greater Phoenix region, including the Greater Phoenix Economic Council, the city of Tempe and Arizona Commerce Authority. The region’s large, skilled workforce…»
Mesa just landed a cutting-edge medical technology manufacturer with upwards to 500 jobs. Dexcom (Nasdaq: DXCM), a San Diego-based continuous glucose monitoring manufacturer, is taking a 216,000-square-foot building on South Dobson Road near Loop 101 in Mesa’s Fiesta District. The facility will be the company’s second manufacturing plant. This is this third major employer in…»
Infill and restaurant developer Wetta Ventures has broke ground on a new $5 million restaurant project at Arizona State University’s SkySong development in south Scottsdale. The project will include three or four different restaurants. It totals 12,000 square feet and will also have a 3,000-square-foot garden. Completion is set for the end of the year…»
P.B. Bell, a leader in multifamily housing development, management and acquisitions, has opened Velaire at Aspera, a luxury apartment community within the long-awaited Aspera mixed-use development in Glendale, Ariz. Velaire at Aspera is the third new community P.B. Bell has opened since late September. Located at 75th Avenue and the Agua Fria Loop 101 Freeway…»