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Commercial Real Estate & Business News September 19, 2018

As SkySong, the Arizona State University Scottsdale Innovation Center, continues to redevelop the former Los Arcos Mall site, city and business leaders are looking at the project as a catalyst to breathe new life into the rest of south Scottsdale. Some housing experts already called the city’s southern portion an area to watch for…»
PHOENIX, ARIZ. – Phoenix’s health care landscape is about to change dramatically – as is one of Phoenix’s most iconic properties. Creighton University – a Jesuit, Catholic University located in Omaha, Nebraska – has reached an agreement on the construction of a new, nearly $100 million health sciences campus at Park Central in midtown Phoenix, a significant expansion…»
Lucid Motors on Monday announced it is getting a $1 billion investment to build an electric-car factory in Casa Grande, a project that has been on hold since it was announced two years ago. The money is coming from the Public Investment Fund of Saudi Arabia. Just last month, Tesla Motors CEO Elon Musk said he was negotiating an investment from the PIF but said that it fell through.…»
Arizona’s lone representative on a list ranking the best places to live in the U.S. came from the West Valley. Peoria was tabbed in a ranking developed by Money Magazine highlighting the best places to live based on a host of factors, among them looking at cities with more than 50,000 people, low crime, high wages and ethnic diversity.…»
One of metro Phoenix’s largest single-family rental developers is opening three new Arizona communities in September and expanding into Florida. Phoenix-based NexMetro’s new Valley Avilla rental developments look like small homes with backyards. They are located in Mesa, Goodyear and Phoenix. Once those are completed, the company will have…»