Commercial Real Estate & Business News – November 27, 2013

I hope you have a Happy Thanksgiving!

Moneycation takes a close look at whether Arizona finally is beginning to boom as a Silicon Valley. Find out what this management information and financial news website says about the future and potential of the state’s efforts to become a tech hub two decades after predictions that the region was poised to become a high-tech Mecca…Read more
During the third quarter 2013, seven retail buildings totaling 650,954 square feet were completed in the Phoenix retail market. Over the past four quarters, a total of 1,830,743 square feet of retail space has been built in Phoenix. In addition to the current quarter, 24 buildings with 492,085 square feet were completed in second quarter 2013, eight buildings totaling 90,351 square feet completed in first quarter 2013, and 597,353 square feet in 20 buildings completed in fourth quarter 2012… Read more
A German investment firm recently closed escrow on 203 acres in east Mesa, located directly north of DMB Associates’ Eastmark community and near Apple Inc.’s newly-purchased manufacturing plant… Read more
Yucaipa Cos., the new owners of Fresh & Easy Neighborhood Market here, said Tuesday it expects to build the chain into “a healthy, convenient food experience.” In its first statement since acquiring the stores from British-based Tesco last week, Yucaipa said consumers will see “many exciting changes in the coming weeks” that will improve convenience, hours and customer service, along with greater value, better prices and stores that are easier to shop… Read more
The transfer of the Greasewood Flat property in north Scottsdale is in the works, but questions remain about the fate of the commercial business on the site, the residents of the property and the future of the George Cavalliere Trust. Approximately 43 acres at Alma School Parkway and Pinnacle Vista Drive, land that includes the iconic restaurant and bar and the now-closed Reata Pass Steakhouse, was awarded to Taylor Morrison Homes…Read more