Commercial Real Estate & Business News – October 30, 2013

Construction Set for Next Scottsdale Quarter Phase

The Scottsdale Quarter plans to start construction next month on a third phase that will include more retail space and 275 apartments. A six-story building is planned at 73rd Street and Greenway-Hayden Loop, just east of Scottsdale Road. The project, including 22,400 square feet of retail, is targeted for completion in 2015. It will include four levels of parking, two of them underground. There has been rumblings for at least two years that Bloomingdale’s is planning a store at Scottsdale Quarter, but it is just speculation at this point… Read more

New to Market: FNB Fountainhead Plaza

A proposed 967,000 SF development called FNB Fountainhead is expected to move into the SWC of Alameda Drive and 55th Street in Tempe and adjacent to Fountainhead Park Office Park parallel to the I-10 freeway. The plans include four Class-A contemporary office buildings, ranging from three to 12 stories, two parking structures (3,600 spaces positioned on 25 acres)… Read more

GCU Beefs Up Plans for Mesa Campus with $35M New Dorm

Based on demand from potential parents and students, Grand Canyon University is beefing up its efforts to build its East Valley campus, with plans to build the new campus out to 10,000 students and spend $35 million to build a 1,000-room dormitory… Read more

Will Arizona’s Solar Showdown Set Precedent for the Nation?

Arizona finds itself as the national hot spot when it comes to solar subsidies, with utility executives and industry officials squaring off in a showdown that could shape the future of residential solar use across the country… Read more

Lincoln Property Industrial Parks Projected to Lure 5,000 Jobs to West Valley

Dallas-based Lincoln Property Co. is planning two large-scale build-to-suit industrial parks in the West Valley that are slated to lure approximately 5,000 jobs to the submarket upon completion, according to a company statement today… Read more