Commercial Real Estate & Business News – September 9, 2014

Industrial Sector Suits Up

If Q1 reports are any indication, the Phoenix metro?s industrial sector is suiting up for an interesting year. Intel finished construction on its 2.2MSF manufacturing fab in Chandler, Ariz. It sits vacant with hopes for adaptations into a manufacturing facility for chips. The 700KSF Buckeye Business Center is under construction without any tenants… Read more »

New Scottsdale Multifamily Complex In Works

A parcel of vacant land in south Scottsdale originally slated to house an 18-unit condominium complex has now been targeted for a 30-unit multifamily complex. In addition, a 41-unit, “green” apartment complex will be under construction this fall on a nearby site… Read more »

Physicians’ Group Leases Top Floor At Scottsdale Quarter

Apogee Physicians has signed a deal to lease the top floor of the new Block M building in the 28-acre Scottsdale Quarter development. The company, which provides in-hospital care, is leasing 27,727 square feet of space in the six-story, 170,000-square-foot office and retail building in north Scottsdale… Read more »

William Lyon Gets Back On The Board…Plans 228-unit Community In Mesa

After sitting on the sidelines without purchasing land in the Valley in a number of months, William Lyons Homes Inc. in Scottsdale (Julie Collins, div. pres.) acquired 29.26 acres in Mesa to build a 228-lot community. The builder paid $4.275 million to purchase the land, which formerly was occupied by the Dreamland Villa golf course. The 9-hole course is at the southeast corner of 56th Street and University Drive… Read more »

More McAlister’s Delis to Open in Arizona

Fast-casual restaurant chain, McAlister?s Deli signed an agreement with a franchisee Monday, allowing it to open eight more locations in Arizona, starting in late 2015. Currently there is a McAlister?s in Scottsdale near Paradise Valley Mall and another one is scheduled to open in November in Peoria. The eight new locations will feature stores in… Read more »