Commercial Real Estate & Business News – September 8, 2016

The quality of commercial real estate loans on bank books continued to improve in the second quarter with the exception of the nation’s energy markets. Nationally, the amount of delinquent CRE loans declined about 21% (about $4.6 billion) to $17.78 billion in the past year…»
Doughbird, the latest restaurant by Valley restaurateur Sam Fox, is set to open in early spring 2017 at 44th Street and Indian School Road. Dedicated to imaginative and ever-changing flavor combinations, Doughbird is a far cry from conventional pizza and rotisserie. …»

Ten months after Phoenix canceled a downtown land deal over conflict of interest concerns involving Councilman Michael Nowakowski, a development team has been picked to move forward with the project. Trammell Crow Co., a large commercial real-estate firm that was part of the canceled first sale…»

A Dallas-based group has bought a Chandler apartment development for $29.5 million while another group from Fort Worth has sold a north Phoenix complex for $25.2 million. Dallas-based Phoenix Property Co. has bought the 248-unit Pheasant Run complex near Warner and Alma School roads.…»
Multifamily housing developer, P.B. Bell, started construction on The Curve at Melrose, a new luxury apartment community positioned within the Melrose District in downtown Phoenix. Located at the northeast corner of Glenrosa Avenue and 6th Drive, The Curve at Melrose will offer…»