Commercial Real Estate & Business News – June 2, 2014

Despite Seasonal Slowdown, Phoenix Commercial Real Estate Sector Off to Strong Start in 2014

Things have been slowing down in metro Phoenix’s commercial real estate sector – as they usually do during the first three months of the year – but the overall landscape is looking much rosier than it did a year ago… Read more

ViaWest Working to Develop Mixed-Use Project in Chandler

ViaWest Properties LLC in Phoenix is working on plans to develop a mixed-use office-retail project at the northwest corner of Chandler Boulevard and McClintock Drive in Chandler. The company is under contract to acquire the 25-acre parcel in a deal that is contingent on zoning approval. The property is owned by a company formed by Sooner Investment in Oklahoma City. The owner of the land has filed a re-zoning application in Chandler to allow for an office, light industrial and retail project called Chandler Corporate Center… Read more

De Rito Partners Buys, Updates Mesa Shopping Center

Phoenix-based De Rito Partners has pumped more than $1 million into renovating a recently purchased Mesa shopping center. De Rito Opportunity Investors LLC, a subsidiary of De Rito Partners, scooped up the 84,890-square-foot retail plaza, along with an adjacent 2,436-square-foot drive-thru building at the southeast corner of Southern Avenue and Stapley Drive for $2.25 million… Read more

Safeway Plans to Close Glendale Store

The company decided to close the store “to strengthen operational efficiencies.” Safeway Inc. has announced that it will close one of its Glendale stores as it prepares for a merger later this year with Albertsons. A closing date has not been determined for the supermarket northeast of 51st and Olive avenues. It opened in 1981… Read more

Major General Plan Change Sought at Greasewood Flat

A major General Plan amendment has been filed with the city of Scottsdale by Taylor Morrison Homes, which seeks to take a 48.8-acre property where Greasewood Flat still stands to make way for a master-planned housing subdivision… Read more