Commercial Real Estate & Business News November 15, 2018

While technically not one, large real estate deal, the redevelopment plan for the Park Central Mall area is undoubtedly a big deal. Slowly, but surely, bit by bit, the development duo of Plaza Companies and Holualoa Companies are unveiling their new vision for the Park Central Mall site along Central Ave. in Phoenix. The first glimpse came midway through 2017 when Plaza and Holualoa announced plans to reinvent the aging Park Central Mall. That $57 million…»
An Illinois investment group has big plans for a vacant 152-acre parcel in Gilbert as it looks to create a mixed-use center with commercial and residential uses. The proposed commerce center, called Gabriella Pointe, borders Loop 202 at Higley Road. Greg Davis, with iPlan Consulting, is working with the family business backing the project, registered in Illinois as Michelon Family AZ Land LLC, to get entitlements from the city of Gilbert. The…»
Progressive Leasing, a Salt Lake City-based company that provides lease-to-own financing options, renewed its 52,291-square-foot office lease and tacked on an additional 16,531 square feet at Regent Properties’ Talavi Corporate Center in Glendale, Arizona. The 152,936-square-foot, three-story structure at 5651 W. Talavi Blvd. was built in 2002. The Class A, 4-Star building spans 11.5 acres less than three miles from Arizona State University West Campus.…»
Central Glendale’s old Thunderbird School of Global Management campus next year will get a new tenant, Arizona Christian University. The private university made the announcement Wednesday morning. The Thunderbird school, which became a part of Arizona State University in 2014, moved to downtown Phoenix this year, leaving behind a 140-acre campus in the middle of Glendale. Arizona Christian cut a land deal with ASU…»
Oscar, a New York-based health insurance company, renewed and expanded its lease at EverWest Real Estate Partners’ office building in Tempe, Arizona. The 46,000-square-foot expansion brings the company’s total footprint at The Circuit to 139,000 square feet, and Oscar plans to create 400 new local jobs by 2020. The 200,000-square-foot, single-story structure at 615 S. River was redeveloped by the landlord in 2015. The former Jabil Circuit manufacturing…»