Commercial Real Estate & Business News – October 21, 2022

Design Board Approves Proposed Restaurant-Bar

The Scottsdale Design Review Board has recommended council approval of what the owner says will be a five-star restaurant called the Fiesta in Scottsdale’s entertainment district near Camelback Road and N. 73rd Street. The Fiesta, also known as…»

Lou Malnati’s Pizzeria, Other Favorite Eateries to Open New Valley Locations; More Real Estate Deals to Know

Lou Malnati’s Pizzeria, known for its Chicago deep dish pizza, is planning to open a new location in Tempe, its eighth location in the Valley but only the third full-service restaurant. Construction is underway on the new restaurant, at 27 S. McClintock Drive in a…»

Leading Multifamily Players Offer Financing Solutions

Multifamily firms GID and Greystar Real Estate Partners recently have announced moves to provide capital solutions. Greystar now has the capability to provide financing to multifamily owners and developers through senior mortgages, mezzanine loans, and…»

Prolific Phoenix Developer Plans West Valley Industrial Park

A firm that has developed office and industrial projects across greater Phoenix acquired land south of Luke Air Force Base in Glendale for a planned industrial park slated to have up to 2 million square feet. ViaWest Group paid $12.5 million to buy 82 acres on the…»

Board OKs 2 Apartment Projects, Delays a Third

The Scottsdale Design Review Board Oct. 6 recommended City Council’s approval of two projects with a total 380 apartments and delayed action on a third with 281 units. Recommended for approval are the mixed-use Chaparral Commons with 225 apartments and…»