Commercial Real Estate & Business News – September 15, 2016

McKesson, a health care pharmacology, technology and supply vendor, is boosting its Valley presence with a 271,000-square-foot twinned office complex in the Salt River Pima-Maricopa Indian Community. This is a major expansion for the 30,000-employee…»
Capital is still free flowing for most borrowers. Yet some banks are taking their foot off the gas pedal for apartment construction loans in select markets where there are growing concerns of concentration risk. Banks are cautious about over-exposure…»

A short drive down Southern Avenue in southwest Mesa is sure to be filled with scenes of vacant buildings and abandoned shopping centers; however, a plan passed by Mesa City Council is trying to fix that. The area around the Fiesta District West Mesa has been deemed “blighted” …»

A Southern California-based tire wholesaler is entering the Arizona market with a new distribution center in Phoenix. Corona, California-based Tire’s Warehouse Inc. has leased 83,000 square feet at 15th Street and Buckeye Road near Phoenix Sky Harbor National Airport.…»
Fox Restaurant Concepts (FRC) has hired former Starbucks executive Christine Barone as chief executive officer of True Food Kitchen, one of Sam Fox’s restaurant concepts inspired by the principles of Dr. Andrew Weil’s anti-inflammatory food pyramid. …»