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If Phoenix wants to establish itself as a bona fide tech market, more co-working space would probably be a good start. Google, Apple and Microsoft were once fledgling companies based out of garages. But today they might have started off in a co-working space like Uber, Instagram and Indiegogo did. The Valley of the Sun is not home to a tech giant’s headquarters, and the lack of homegrown startups in the metro is likely to be the main culprit…»
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Eric Flyckt, senior vice president and Wyatt Campbell, vice president of NorthMarq Capital’s San Diego office, arranged a $153,376,000 construction loan and $19,081,179 mezzanine equity investment for the build-to-suit of Orbital ATK’S campus located in Chandler, Arizona. The development comprises a three-story, Class A, office building totaling 356,000 sq. ft., and a manufacturing building totaling 261,000 sq ft…»
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Los Angeles-based Tides Equities LLC has paid $37.25 million for the 376-unit Fairways at Cave Creek, with plans to invest about $7 million to renovate the property. Sean Kia, co-founder and principal of Tides Equities, said he bought that complex – which is 97 percent occupied – from Starwood Capital. “They’re one of the most active sellers in the country right now,” Kia said…»
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Sprouts Farmers Market will open its new midtown Phoenix store later this summer. The new Sprouts (Nasdaq: SFM) at 3320 N. Seventh Ave. will open Aug. 22, according to the grocer. The 31,000-square-foot store will be the fifth Arizona opening this year for Phoenix-based Sprouts, which continues to add dozens of stores across the country. The Seventh Avenue store will be on the site of a former Bashas’ store that closed last year…»
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There are more than 36,000 health clubs, gyms and fitness centers in the U.S., and major markets have seen growth at a rate of 2.8 percent since 2013. But what does the future of the retail fitness industry look like? Many believe, as an internet-resistant sector, the future looks bright for fitness centers and gyms. And while that may prove true, growth in the next five to 10 years may look a bit different than what we’ve witnessed in the last decade…»
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