Commercial Real Estate & Business News – May 5, 2014

WinCo Announces Opening of Phoenix Distribution Center

WinCo Foods LLC announced today that it will begin shipping from its newest distribution center located at 7502 W. Durango St., Phoenix, Arizona, on Monday, May 14, 2014. The center, which includes over 900,000 square feet of warehouse space under roof, will initially service nineteen (19) WinCo Foods stores located in Arizona, Southern Nevada and Southern California. The facility will open with approximately 185 employees most of whom have been hired from the greater Phoenix market. The 19 stores represent a little more than half of the facility’s capacity. When fully operational and at capacity the center should employ approximately 320 employees… Read more

McShane Entity Developing 155,000 Sq. Ft. Of Spec Industrial Space . . . Sells Gilbert Project

A venture formed by a division of the McShane Cos. plans to develop a 155,000-square-foot speculative industrial project in Phoenix on the heels of the company selling a medical facility in Gilbert. The industrial building will be developed by Conor Commercial Real Estate, the successor to McShane Development Co. The project is targeted for a site located west of the northwest corner of 32nd and Canal streets in Phoenix… Read more

Construction Begins On Mesa Light Rail, Businesses Bracing For Drop In Sales

A new construction project in downtown Mesa has drivers preparing for traffic changes and local businesses bracing for a potential drop in sales. Officials with Valley Metro said the new project will be an expansion to the current light rail system… Read more

Permits Rise in March, But Homebuilding Still Slow

New-home permits across metro Phoenix ticked up slightly in March, but the long-awaited recovery for home construction in the area remains stalled. Last month, 996 permits for new single-family Valley houses were issued, 98 more than in February, according to the latest issue of RL Brown Reports. In March 2013, builders took out 1,258 new-home permits in the Phoenix area… Read more

US Consumer Spending Surged 0.9 Percent in March

U.S. consumers ramped up spending in March at the fastest pace in 4½ years, a sign the economy is gaining momentum after its winter slowdown. The Commerce Department says consumer spending rose 0.9 percent, the largest gain since April 2009. The government also revised up its estimate of the spending gain in February to 0.5 percent from 0.3 percent… Read more