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Commercial Real Estate & Business News – November 26, 2014

During the third quarter 2014, nine retail buildings totaling 88,382 square feet were completed in the Phoenix market. Over the past four quarters, a total of 689,281 square feet of retail space has been built in Phoenix…Read more »
A venture formed by Wood Partners plans to develop 220 apartments at the southeast corner of 7th Avenue and Fillmore Street in downtown Phoenix. The Wood Partners entity is assembling the 4.09-acre site in two transactions totaling just under $4.8 million. The cash sales were set to close at press time. Morgensen Inc. is selling 3.14 acres for nearly $3.7 million. That parcel is occupied by a roughly 30,000-square-foot commercial building that will be razed… Read more »
Arizona’s tallest residential tower, 44 Monroe, is part of a boom in downtown living that is taking place across the country. The 198-unit rental high-rise on the northeast corner of First Avenue and Monroe Street is almost fully occupied… Read more »
Rezoning for a high-density housing project called Avilla Homes near Warner Road and Arizona Avenue was approved by the Chandler Planning and Zoning Commission on Nov. 19. Avilla Homes are built as a gated community of multi-family housing, but it is non-traditional… Read more »
In a three-year phased expansion in Tucson and Phoenix, APAC Customer Services Inc., will be adding 1,100 jobs – nearly 700 in Southern Arizona and another 400 in Phoenix. APAC has three existing locations, which are being expanded to handle the new employees. Two facilities are in Tucson and one is in north Phoenix… Read more »