Commercial Real Estate & Business News – September 12, 2016

Modern big-box distribution centers have experienced a massive comeback, with a record number of facilities now under construction nationwide and developers scrambling to repurpose buildings in major markets to appeal to e-commerce tenants. E-commerce has continued to prop up big-box warehouse construction…»
Located at the northeast corner of Glenrosa Avenue and 6th Drive, The Curve at Melrose will offer 204 luxury apartment homes in an urban neighborhood within walking distance of numerous locally owned shops and restaurants. P.B. Bell has begun construction on the apartment community in the desirable Melrose District in downtown. …»

El Dorado Holdings Inc. in Phoenix (Mike Ingram, chairman) has invested $38.434 million ($34,908 per acre) to acquire 1,101 acres within Bella Vista Farms in Pinal County that is targeted for 3,900 residential lots and commercial development. The sellers were two entities…»

U.S. Secretary of Commerce Penny Pritzker recently released a report highlighting goods exports from U.S. metropolitan areas for 2015. The International Trade Administration’s 2015 Metropolitan Area Export Overview indicates that goods exports from the Phoenix-Mesa-Scottsdale, AZ metro area reached a record $13.8 billion. …»
One of the most deluxe medical-marijuana dispensaries in Arizona will open in Scottsdale later this month, only weeks before a proposition to legalize the recreational use of the drug goes to voters. The Harvest of Scottsdale facility will have 11 check-out stands in a 6,800-square-foot former bank building…»