Commercial Real Estate & Business News March 5, 2019

Senior Living Campus Breaks Ground on $260M Redevelopment Project
Beatitudes Campus is embarking on a $260 million redevelopment plan that will make it the largest life plan community in Arizona when completed. While the campus will include rental units, it also will continue to offer life plans, which are insurance contracts overseen by the Arizona Department of Insurance that allow a resident to…»
Bascom Adds 423-Unit Multifamily Complex in Tempe to Growing Portfolio
Bascom Arizona Ventures, a subsidiary of Irvine, California-based The Bascom Group, purchased a 423-unit multifamily complex in Tempe from Hartman Consulting. Tempo at McClintock Station Apartments sold for $89.2 million, or about $210,000 per unit. The garden-style complex at 1831 E. Apache Blvd. comprises one-, two- and…»
Lincoln Tops Out at The Grand at Papago Park Center 2
Lincoln Property Company (LPC) has officially poured the top floor of The Grand at Papago Park Center 2, bringing the building to the “topped out” stage and ushering in its final phase of construction. Grand 2 is the second of eight planned LPC-built, Class A office buildings at The Grand at Papago Park Center. The company delivered the…»
Fujifilm Begins Construction on Expanded Mesa Plant
Fujifilm has started construction on an expansion of its facility in Mesa, which will be used for the production of cutting-edge semiconductor materials. The expansion is part of a 10-billion-yen investment (about $88 million) that the company expects to spend on facilities in Mesa and Rhode Island. The company declined to give a…»
Waymo Self-Driving into the East Valley Fast Lane
Exactly how many vehicles are in the fleet is anybody’s guess. The number of jobs it brings to the East Valley is kept hush-hush. And where service is going next and when that will happen is still a closely guarded secret. But nobody can dispute the potential impact Waymo self-driving cars could one day have for Chandler, the East Valley…»