Commercial Real Estate & Business News – September 14, 2016

In a project being called Mainspring Flex Phase III at Pima Center, MainSpring Capital Group has plans to speculatively develop 150,660 square feet of light industrial space suitable for warehouse/assembly/distribution uses in northeast Scottsdale…»
The apartment markets that were hurt the most by the housing crash are now experiencing steady growth. “All of these markets now are posting very healthy job growth that is helping to stimulate solid demand for apartments…»

Mountain Park Health Center is breaking ground for a $14 million clinic in Tempe. The 32,000-square-foot facility will be built on the former property of the Skipper Bud’s boat dealership, which is on the northeast corner of Broadway and McClintock roads in Tempe…»

The divide between good malls and bad malls is about to widen even further. Despite popular belief, not all malls are dying. The highest quality shopping centers are minting money as a dearth of high-end properties drives up rents…»
A Canadian company with ties to multiple fast-food and fresh-food chains has purchased the Irvine-based parent company of Baja Fresh Mexican Grill. MTY Food Group of Montreal has acquired BF Acquisition Holdings, which also owns the La Salsa Fresh Mexican Grill brand, for $27 million…»