Commercial Real Estate & Business News – September 4, 2020

Happy Labor Day Weekend!

Construction to Start on Massive Sports and Entertainment Complex in Mesa, Arizona
A nonprofit organization expects to start construction next month on a $250 million sports and family entertainment complex in Mesa, Arizona, that would be operated by global sports and live entertainment venue developer Oak View Group. Specialty investment bank Ziegler, based in Chicago…»
Harvard Investments Set to Relaunch Residential Project in Maricopa
Harvard Investments Inc. is relaunching a $150 million master-planned community project in the town of Maricopa, a 30-mile drive from Phoenix Sky Harbor International Airport. The Scottsdale-based developer had teamed up with Meritage Homes Corp. (NYSE: MTH) in 2008 to buy 640 acres at auction…»
Wild Horse Pass Unveils Major Tower Project
Gila River Hotels & Casinos – Wild Horse Pass has broken ground on a $143-million expansion project in Chandler – a move that a spokesperson said “aligns with the enterprise’s rapid growth in Arizona.” Scheduled to open in fall 2021, an 11-story hotel tower will be added to Wild Horse Pass…»
Construction Industry Manufacturer Expands in Phoenix Suburb
A company that develops software and makes engineered products for the commercial and residential construction industry plans to expand its manufacturing operations and workforce in the Phoenix suburb of Tolleson. MiTek, which makes connector plates and other residential construction products…»
Scottsdale City Council Approves Stockdale Capital’s Boutique Apartment Project
Stockdale Capital Partners LLC, a Los Angeles-based real estate investment firm with a rapidly growing presence in metro Phoenix, has received zoning approval for a boutique apartment complex in downtown Scottsdale. Plans call for building a $25 million, 3-story structure that would include 54 units atop…»