Commercial Real Estate & Business News June 18, 2019

5 of Arizona’s Biggest Construction Projects in 2019 2019 looks to be a packed year for Arizona developers and construction crews, as well as the residents and visitors who get to enjoy the fruits of their labor. With plenty of new and exciting developments to look forward to, you’re probably curious about the biggest construction projects that are ongoing or soon to break ground. Here are a few major…»
How Much Value Is There in Ground-Floor Retail Space at Student Housing Properties?
Some student housing properties rent their retail spaces to national retailers like CVS or Target. But in other cases, retail spaces inside student housing buildings stand empty for years-unable to support even a pizza shop. “Most ground level retail is a drag on a student housing project,” says Frederick Pierce, president and CEO of…»
Plan for Gilbert Gateway Commerce Park Unveiled
Trammell Crow Company (TCC) Phoenix and joint venture partner, Principal Real Estate Investors, unveil Gilbert Gateway Commerce Park, a three-building Class A speculative industrial park totaling 415,972 square feet, located in the Southeast Valley at the Loop 202 and Power Road in Gilbert. Sitting on a 28-acre site, construction on the project is…»
Roadwork Paves Way for Intel’s Massive Fab 42 Campus in Chandler
Chandler is investing $5.4 million on a road expansion to accommodate expected growth at an Intel plant in the coming years. The state and Intel will reimburse the city for the work, according to city documents. Intel is among Arizona’s largest employers and the top employer in Chandler, with about 11,000 jobs, according to a…»
Virtua Breaks Ground on Another Opportunity Zone Build
Virtua Partners has broken ground on its second opportunity zone project. The firm is building a 90-unit entry-level apartment complex on a vacant lot in Tempe. It will deliver in approximately 16 months. Located at 1980 East Broadway Road, the apartment project will include 36 one-bedroom, 45 two-bedroom and…»