Commercial Real Estate & Business News – September 23, 2014

Peoria Vistancia Could Be New Jobs Center

Vistancia, one of Peoria?s most luxurious master-planned communities, could also become an employment mega-site within the next two years. Vistancia Land Holdings, LLC, and city leaders are in preliminary talks with a regional health-care facility, a sports/entertainment complex and a private college or university about moving into the community?s commercial area, said Mark Hammons, vice president and general manager of the development group… Read more »

DD?s Discounts to Open Fifth Phoenix Location

Another discount retail shop is opening in Phoenix. DD?s Discounts, is opening its fifth location in the Phoenix area and ninth in the state, on Thomas Road near State Route 51. The discount store features men, women and children?s clothing and house and bath wares… Read more »

Intel Chandler Master Plan Hints at Future Growth

Although Intel has not announced specific new plans at either of its two campuses in Chandler, its recent amendment to Chandler of its Ocotillo campus master plan hints at future growth. The amendment, the fourth to the Ocotillo campus master plan since it was zoned in 1992, indicates areas where the company would build future manufacturing facilities. It was approved by the City Council in August… Read more »

Postino Opens Newest Location in 1950s Art Studio Next Month

Next Wednesday, Oct. 1, the latest Postino WineCafé location, Postino Annex (615 S. College Avenue) will open in Tempe inside a revamped former art studio just steps away from the ASU campus. Tucked into the historic ASU Art Annex building, this fourth Valley Postino location will help serve as a new gateway to ASU?s main campus as part of the all-new ASU Recruitment Walk on College Avenue. The project is also a special honor that?s very near and dear to the owners, as all four (Kris & Craig DeMarco and Lauren & Wyatt Bailey) are ASU alumni… Read more »

Freddie Mac?s New Tax-Exempt Loan Benefits Seniors Housing

A new Freddie Mac loan program for affordable multifamily redevelopment this month received its first test trial with a seniors housing property. The Direct Purchase of Tax-Exempt Loans initiative is designed as a speedier way to finance affordable family properties, including those for elderly residents. More than half of all renters qualify for low-income housing, and seniors, with the lowest amount of earning power of the group, currently face years-long waiting lists to get into… Read more »