Here are the news articles you might find interesting today for commercial real estate and business:
PetSmart HQ sold to Cole Real Estate Investments for $102 million Cole Real Estate Investments has purchased the corporate headquarters campus of PetSmart Inc. in Phoenix for $102.5 million. The transaction closed today. The sellers were institutional investors advised by Prudential Real Estate Investors. View article…
Gilbert $109 million cancer center set to open Sept. 26 Cancer fighters will launch a new offensive against the dread disease next month, when the $109 million Banner MD Anderson Cancer Center opens in Gilbert. “We’re looking to create something new,” said Pam Nenaber, CEO of both the Banner Gateway Medical Center and the 133,000-square-foot cancer center, which is on Banner’s campus off Higley Road, just south of U.S. 60. View article…
Tilted Kilt one of fastest-growing companies A Peoria pub headquartered in Tempe has made it to Inc. magazine’s list of the 500 fastest-growing companies in the country. Tilted Kilt Pub & Eatery, founded in 2005 with locations across the country, was ranked number 385. According to the magazine, the company has had a three-year growth of 892 percent, with $8 million in revenue last year. View article…
Redesigning Goodwill Furthering its ongoing, eight-plus-year effort to redesign its image, Goodwill of Central Arizona has opened a new concept called, “Redesign by Goodwill.” This new concept store includes new and used decorator-oriented furniture and accessories for the home, with assistance of in-store furniture specialists. Goodwill signed a new lease in July for a Redesign store in Scottsdale, Arizona. View article…
Phoenix Camelsquare project to get compliance check A hearing officer will consider whether an Arcadia-area redevelopment site along Camelback Road is complying with stipulations placed on the property last year. The property, known as CamelSquare at 44th Street and Camelback, needs to clear up the stipulations before it can tear down the outdated, existing development and proceed with its plans. View article…
39-year-old Tempe community theater closes its doors There will be no wistful Hollywood ending for Tempe Live! Theatre. No grizzled janitor in overalls sweeping an empty stage and turning off the lights one last time. No fade to black. The 39-year-old community troupe, known until last year as Tempe Little Theatre, will still exist on paper. The volunteers who struggled to keep it alive didn’t have the heart to pull the legal plug. View article…
Home sales in West up 46% in a year Sales of new, single-family homes fell to a five-month low in July, however, sales in the West are up 46 percent from a year ago. The Commerce Department released figures in Washington Tuesday showing new home sales were down 0.7 percent from June. Sales were up 6.8 percent from July 2010. View article…
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.