Commercial Real Estate & Business News – March 5, 2020

Block 23 Plans These Spring and Summer Openings
RED Development announced today that Block 23 in Downtown Phoenix will have four tenants occupying space at the high-rise, mixed-use destination by this summer, in addition to welcoming the first residents at The Ryan, a 332-residence apartment community…»
New Luxury Apartments Coming to Camelback and Central
It’s been about five years since the office tenants started moving out of an 11-story building on the southeast corner of Central Avenue and Camelback Road. In just over a year, tenants are expected to start moving in to luxury apartments. During the past 18 months…»
Scottsdale Developer Buys West Valley Land, Plans Industrial Project
Scottsdale Investment Management plans to develop a build-to-suit industrial complex in Goodyear after buying vacant land and a building from Lorts Manufacturing. Lorts Fine Furniture will continue to occupy its buildings, which includes about 10 acres and 150,000 square feet…»
Coronavirus Caution Slowly Grows in the CRE Market
Fears related to the potential global economic fallout from the coronavirus sparked a meteoric drop in the stock market last week, including a more than 4,000-point plunge in the Dow. Even as jittery global stock markets have worked to claw back from steep losses…»
Ottawa University Invests $57M in New West Valley Campus, Plans Next Expansion
With a $57 million construction project of Ottawa University’s new Surprise campus completed, Kevin Eichner already is planning the next expansion phase. Eichner, chancellor of Ottawa University, said he started the 2019 fall school year with 830 students…»