Commercial Real Estate & Business News – September 11, 2014

Please take a moment in silence today as we remember the travesty that occurred 13 years ago today.  Thoughts and prayers to the families, friends, and people in our armed services.

Deal Would Bolster Dollar General against Wal-Mart

Dollar General Inc.’s hostile bid for Family Dollar Stores Inc., if approved, could help add market share, boost revenue and bolster the company against its biggest threat in the industry: Wal-Mart… Read more »

Clayton Companies Takes a Step Forward With a South Old Town Apartment Complex

Clayton Companies has conveyed partial interest in a property they recently had approved through the entitlement process, establishing a joint partnership with New Jersey based Connell Management. The 278 unit project titled Bauhaus was approved by Scottsdale City Council September 20th, 2013, on a property ±420 feet north of the northeast corner of Scottsdale & Thomas Roads… Read more »

Two New Developments in Works for West End of Ahwatukee Foothills

Two new developments ? one ready to break ground, the other still under review ? are slated for the area southwest of where Pecos Road ends near the west boundary of South Mountain Park… Read more »

Southwest?s Largest Aquarium to be Built in Scottsdale

As the new OdySea Aquarium prepares to break ground, principal and founder Amram Knishinsky, Ph.D., has signed contracts with vendors and gained approvals from the SRPMIC Design Review Board, that brings his vision for the Southwest?s largest aquarium, closer to fruition… Read more »

New-Home Project Planned in Tempe North of Town Lake

Construction of a new loft-style home project not far from Tempe Town Lake is planned to start later this month.Joe Risi, longtime owner of the old Bandersnatch Brewpub in Tempe, is developing The Newport at Tempe, a 38-home project on Weber Drive just west of Scottsdale Road. Prices will start in the low $300,000s for the two- and three-story and three- and four-bedroom houses… Read more »