Commercial Real Estate & Business News – November 13, 2013

US Airways, American Merger Deal Maintains Phoenix, Other Hubs for 3 Years

Tempe-based US Airways (NYSE: LCC) and Fort Worth-based American Airlines (OTC: AAMRQ) reached a settlement with the U.S. Department of Justice today that would maintain the Phoenix hub for three years, service to four Arizona cities for five years and allow the $11 billion megamerger to take place without the need for an antitrust trial at the end of the month… Read more

Scottsdale Developer Cries Foul Over Cavalliere-Estate Bidding

The court battle over the land surrounding Greasewood Flat in north Scottsdale could become more contentious as one of the developers involved says he will appeal a court commissioner’s decision to keep bidding open on the 43-acre property… Read more

Dollar Tree Continues Aggressive Expansion in Arizona

SRS Real Estate Partners announced Tuesday that Dollar Tree has signed three new leases and is looking for more sites throughout Arizona. Dollar Tree is an actively expanding customer-oriented, value-driven variety store operating at a one dollar price point. Dollar Tree’s first new location is a 10,865 SF space at Squaw Peak Plaza located at the NEC of Thomas Road and State Route 51 in Phoenix… Read more

Industrial Real Estate: They’re Not Just Boxes!

Lovingly, we refer to industrial buildings as “boxes.” And truth be told, that is what most of them look like, which is enough for the casual observer. However, for those interested in investing in this property segment, a closer look reveals that there are significant physical, and more importantly, performance differences within the sector… Read more

Devil of a Stadium Plan

Arizona State University is opening up a large tract of lakeside land for future development as part of a plan to finance a rebuilding of the iconic, 70,000-plus capacity Sun Devil Stadium, where scenes from the 1996 movie “Jerry Maguire” were filmed. ASU will lease 300-plus acres… Read more