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Commercial Real Estate & Business News – November 30, 2017

There are a lot of cranes operating in Arizona as developers pursue new projects that are creating a more diverse state. Here are six projects that were recently finished or broke ground in Arizona, as seen in the November/December issue of AZRE magazine. …»

Off-price retailer Nordstrom Rack is opening a new store in Gilbert, the company announced this month.The sister concept to high-end department store Nordstrom is landing its sixth Phoenix-area location at the SanTan Village shopping center on the corner of Williams Field Road and SanTan Village Parkway.…»

The popular restaurant group behind Postino WineCafe is getting financial backing from a Los Angeles private equity firm to take the concept national. Phoenix-based Upward Projects already has six locations in Arizona, another in Denver and another coming to Houston.…»

Almost everything about a deal to renovate the Phoenix Suns’ taxpayer-funded downtown arena remains a mystery, but one thing has become increasing clear – it’s quickly losing the support it needs from the Phoenix City Council. …»

2017 was a good year. That is according to Darryl Freling, managing principal of MedProperties Holdings LLC, who was referring to both his company, as well as the healthcare industry. According to Freling, who will serve as a panelist at the upcoming RealShare Healthcare event, held at the JW Marriott Camelback in Scottsdale, AZ…»