Commercial Real Estate & Business News May 28, 2019

Optima Sonoran Village Announces Opening of Final Tower Optima Sonoran Village, known for its luxurious high-rise living spaces, award-winning architecture and world-class amenities, has opened its fifth and final tower.Located on the Southeast corner of 68th Street and Camelback Road, the final phase of Optima Sonoran Village features 176 residences across seven stories including one-, two-, and three-bedroom…»
Huge Land Sale in Pinal County Sets Up Planned 100-Megawatt Solar Project
A Florida energy company paid close to $15 million for over 1,000 acres in Pinal County for a new solar power project. The 100-megawatt project will be the largest solar farm in Pinal County and one of the largest in the state, said Coolidge City Manager Rick Miller. “This is a desirable location for solar,” Miller said. “We are also working with two other…»
Phoenix Office Report – Spring 2019
The Phoenix office market is doing well, bolstered by robust employment growth and rising tenant demand. Although not yet a leading tech market, Phoenix has attracted an increasing number of fast-growing tech companies in recent years, including Uber, Ring and Infusionsoft. As more companies move or expand in the Valley of the Sun, demand for…»
Despite Strong Tenant Demand, Retail Isn’t Without Challenges
Overall, this year’s ICSC RECon event had great attendance and a lot of buzz. That is according to Christopher Beavor, CEO of CAI Investments LLC.Beavor tells that from his perspective, as the leader of a vertically integrated national development company, the industry is experiencing numerous challenges. “Labor workforce costs and…»
The First “Vertical Medical Cities for Seniors” Are Set to Rise in Orlando and Chicago. What Will They Look Like?
As her first vertical medical city for seniors, a $1.1-billion, 1.4-million-sq.-ft. project, is starting construction in Orlando, Fla., Tabitha Ponte, CEO of Ponte Health, is planning her second medical city. Work on the next site, in downtown Chicago, will start in several months, with the project costing $600 million at a much smaller scale than the Orlando one. Ponte has also…»