Commercial Real Estate & Business News – June 29, 2015

As Arizona Economy Grows, Other States’ Often Grow Faster

Last week, the state reported its best-ever tourism numbers in 2014, including nearly $21 billion in spending. And the Arizona Super Bowl Host Committee estimated $720 million in spending related to the Pro Bowl and Feb. 1 Super Bowl, a record for football’s big game… Read more »

ASU, Catellus Advance 20-Year District Plan

Last week, Arizona State University and Catellus Development Corporation announced a preliminary master plan to renovate the 330-acre Athletic Facilities District northeast of the university?s Tempe campus… Read more »

Lafferty Planning St. Ambrose Condominium Project In Downtown Phoenix

Lafferty Development Inc. in Phoenix (Michael Lafferty, pres.) is planning to develop 200 to 230 condominiums in a project in downtown Phoenix being called St. Ambrose. The 2.1-acre site, located at the southwest corner of 12th and Van Buren streets, is now occupied by several automotive-related businesses… Read more »

Is Downtown Phoenix Ready for a Renaissance?

Apparently Phoenix Mayor Greg Stanton has thrown down the gauntlet. According to Andy Weflen, regional director of analytics for Thought Leader Xceligent, a rivalry of sorts has grown between the mayors of Arizona?s urban heart and Tempe. And it seems that the state capital?long suffering from a lack of a definitive vital CBD?may have just gotten the leg up. Stanton, in his April State of the City address, unveiled that Uber, the app-based car-on-demand company, took some 40,000 square feet in what serves as the city center, and a trail of corporate users, coincidentally or via its lead, have followed… Read more »

Developer of Mega-Lagoons, Super-Sized Pools with Caribbean Blue Water Looks to Arizona, California Markets

A Latin American-based, multinational company that develops energy efficient mega-lagoons and gigantic swimming pools with crystal clear water similar to the Caribbean and Tahiti is looking to enter the Arizona, California and Nevada markets… Read more »