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Commercial Real Estate & Business News – October 15, 2014

Two school campuses for grades K-12 – in south Chandler and Goodyear – will be built by Great Hearts Academies in time for the 2015 school year. Great Hearts CFO Ward Huseth said ground-breaking is expected in late October with completion due by July. The project manager is Nations|Wright and the architect is Gensler. The GC for the south Chandler project is Tempe-based Okland Construction… Read more »
Not a lot of new data this week on the national front, but the data that was released all point to a continued expansion. Locally, most of the data was housing related and told a familiar story: housing is not doing well. Yet, despite that disappointment, the overall Arizona economy continues to recover. Were it not for the problems in single-family housing, the local economy would probably be… Read more »
The housing market crash produced a flurry of buying activity as investors snapped up single-family homes at bargain basement prices. The recovery in the residential market is prompting investors to retool strategies as this emerging investment niche continues to mature. Big institutional capital flowing into single-family rental homes in recent years has changed the landscape… Read more »
Few things excite residents in the West Valley as much as new restaurants, especially if they’re not national chains that start with the word “Red.” A few new places have opened recently. One restaurant yet to open is being treated as a secret – or as secret as something can be after public-relations people have sent out a press release about it. There’s also a new shopping opportunity in Sun City… Read more »
As the number of retirees climbs nationwide, people beginning a new stage of life might want to consider living in the West Valley. Long known for communities like Sun City and Sun City West, other parts of the West Valley are attracting attention as options for retirees. Peoria and Glendale recently were ranked in the top-50 best places to retire in the country, with Peoria coming in at No. 10… Read more »