Commercial Real Estate & Business News June 3, 2019

Healthcare Clinics Become Sought-After Tenants at Shopping Centers Expect to see more healthcare clinics in shopping centers, as landlords want to capture a piece of the growing healthcare industry to boost foot traffic and sales. Today’s healthcare services in retail locations typically provide basic treatments, such as eye care, vaccinations and flu shots, routine health exams, preventive screenings and…»
Arizona State University Preleases Space at SkySong Innovation Center 5 in Scottsdale
Arizona State University preleased 50,000 square feet at SkySong Innovation Center 5, a 151,318-square-foot office building under construction in Scottsdale, Arizona. The six-story structure at 1465 N. Scottsdale Road is slated to be completed in the third quarter of 2019. The overall space at SkySong will exceed 750,000 square feet on a…»
Pinal County Prepares for Influx of Thousands of New Jobs
There are nearly 450,000 people living in Pinal County, a mostly rural, sprawling county the size of Connecticut. And each workday, the roads leading out of Pinal County are full of people heading to work. “The estimate that we’ve heard is that as many as 90,000 people commute out of Pinal County to work in the metro areas, Tucson and Phoenix,” said…»
Avalon Development Turning Tempe Eyesore into Retail Center
For more than a decade, the northwest corner of Baseline and Kyrene Roads in Tempe was an empty eyesore in the middle of this otherwise bustling commercial and residential corridor. Originally zoned for a mobile home park, and also classified as “Archeologically Sensitive” by the Tempe Historic Preservation Commission due to its location within the…»
Arizona Political Figures React to Trump’s Plan to Place Tariffs on Mexico
Arizona political figures shared their thoughts this week on President Donald Trump’s announcement Thursday that he plans to impose 5% tariffs on all Mexican imports beginning June 10. Republican U.S. Sen. Martha McSally said she does not support the tariffs. “Mexico is Arizona’s No. 1 trading partner, accounting for over $16 billion in 2018 alone,” the senator…»