Commercial Real Estate & Business News – June 19, 2014

Jared Diamond, the Pulitzer Prize-winning author of the bestsellers Guns, Germs and Steel and Collapse, is surrounded by a few academics and fans at a wine-and-cheese reception on the north patio of Tempe Center for the Arts. It’s November 5, the weather’s gorgeous, and the dark blue of twilight reflects off the shimmering surface of Tempe Town Lake, which dominates the view… Read more
Southwest Properties Inc. is looking to green-up and enhance the family friendliness of the Shops at Surprise shopping center in the Northwest Valley. Mesa-based Southwest Properties recently scooped up the shopping center at the southeast corner of Litchfield and Bell roads in Surprise for $7.725 million… Read more
The Chef’s Warehouse is making its foray into the Phoenix with a 14,488 square-foot lease at 745 W. Fairmont Dr. Headquartered in New York, The Chefs’ Warehouse is a specialty food distributor that began sourcing products for high-end chefs more than 30 years ago. The company has locations in major metropolitan areas across the U.S. and in Canada. This is the first Chef’s Warehouse location in Arizona… Read more
Fresh off the wildly successful opening of Cubs Park and a hotel groundbreaking this spring, Mesa’s Riverview area has more to celebrate as Valley developers announced plans for 250,000 square feet of new office space in the sprawling mixed-use project. The 20-acre project will complete the partially built Riverview Point office park at Alma School Road and Bass Pro Drive… Read more
Valley Metro and the city of Tempe are lengthening their proposed route for a new streetcar system, and adding to the project’s estimated cost, in a bid to woo federal transit dollars after seven years of courtship. Last week, Valley Metro revealed the proposed changes, which would cause more delays and increase the system’s projected $130 million cost to $175 million to $190 million… Read more