Commercial Real Estate & Business News – June 25, 2020

$60M Aviation Project Breaks Ground in Mesa Opportunity Zone
Nearly 400,000 square feet of hangar and office space has begun construction in the City of Mesa in a push to keep going during a corona-induced economic downturn. The worldwide pandemic has halted many industries, but construction continues as companies aim to relocate in Arizona. The partnership…»
Salad and Go is Betting on Higher Wages and Lower Prices to Drive Growth
While in the midst of a robust expansion, Gilbert-based drive-thru healthy food chain Salad and Go has decided to increase its starting wage to $15 per hour and give existing employees a considerable pay bump as well. The pay increase, which goes into effect June 29, is the latest in a series of moves…»
$2 Billion Megadevelopment Set to Transform Arizona Luxury Sector
The first phase of the $2 billion megadevelopment, The Palmeraie, is entering the home-stretch of completion and in the last three months, owner and developer Five Star Development has pivoted in order to proactively adjust, reconfigure and elevate certain elements of the project to better cater…»
Lincoln Property Reaches Construction Milestone for Massive Office Project
Developer Lincoln Property Co. and Harvard Investments have completed the framework at the first of four planned office buildings at Union at Riverview development in Mesa, Arizona, where such construction has otherwise largely slowed in recent years. Crews this week placed the final beam…»
Adapting Amenities: The Must-Have Amenities for Gen Z Renters
Though the youngest of this cohort are still at home with mom and dad, those on the older end are leaving the nest, graduating college, and out there hunting for apartments of their own. And what are they looking for? It’s unlike any other generation that’s come before them. Gen Z is gravitating…»