Commercial Real Estate & Business News – March 25, 2015

$200M Infill Developments Coming to Old Town Scottsdale, Central Avenue

Scottsdale-based Deco Communities has $200 million worth of new infill condominium developments underway or in the works in Old Town and central Phoenix. That includes a new Phoenix project on Central Avenue near Thomas Road… Read more »

Fresh & Easy to Close 5 Arizona Locations

Five metro Phoenix Fresh & Easy locations are slated to close as part of the El Segundo, California-based grocer’s plan to shutter 50 stores and focus on developing a new store model. Closures include stores in California, Nevada and Arizona representing about 30 percent of the company?s 167 stores. KJZZ reported that five stores in Arizona will close… Read more »

Plexus Worldwide Breaks Ground on National HQ

Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named #8 on the 2014 Inc. 5000 list of fastest growing companies, announced it will break ground on a 70KSF national headquarters office building at the MainSpring Capital project at Pima Center on March 30 at noon… Read more »

Buildout Underway at Discovery Campus

A five-story, 228-room hotel will be built on nearly six acres of the 136-acre Discovery Business Campus northwest of Loop 101 and Elliot Road, pending approval by Tempe. Word on the street is that the flag will be a Homewood Suites by Hilton… Read more »

Scottsdale Gets Mixed-Use Condo Project

A general contractor has yet to be selected to build the four-level Main Street Place condominium project on the northeast corner of Main and 75th Streets in downtown Scottsdale. Initial plans call for 11 condos, a hospitality suite and a ground-floor restaurant, coffee shop or office space. The project?s estimated square footage is 50K. Main Street Place, located at the eastern ?Gateway to the Civic Center Mall,? would overlook the ?Windows to the West? sculpture by Louise Nevelson, water feature and Amphitheater Park to the west across 75th Street… Read more »