Here are the news articles you might find interesting today for commercial real estate and business:
After 3 decades, ‘Matador’ restaurant closes The Matador, the Mexican restaurant owned by a Greek couple that’s been a locals’ favorite in downtown Phoenix for more than three decades, is serving its last meal today. The Great Recession and a recent fire were the death knells for the Tex-Mex eatery in a city-owned building at the southeast corner of First and Adams streets. View article…
Church of Scientology plans church in Arcadia neighborhood of Phoenix The Church of Scientology International is opening a 45,000-square-foot church in the Arcadia neighborhood of east Phoenix as part of an ongoing effort to expand the church’s presence worldwide. Spokeswoman Erin Banks said since the global expansion began about five years ago, the organization has opened more than 20 new churches, including churches in Cincinnati, Sacramento and Hamburg, Germany, in the last three months. The new Phoenix church will occupy the former Fairmount Square office site at 3875 N. 44th St. View article…
Tesla Motors is planning store at Scottsdale Fashion Square In a city where Cadillac Escalades and BMWs are coveted, Tesla Motors wants to bring its high-end line of plug-in electric vehicles to Scottsdale Fashion Square shoppers. Tesla, of Palo Alto, Calif., last week requested a use permit for a 3,081-square-foot store at the downtown mall. View article…
San Marcos may have new owner A potential buyer was on the verge of signing a letter of intent this week to purchase the iconic Crowne Plaza San Marcos Golf Resort in downtown Chandler, which has been in foreclosure. “Nothing is definite until the letter is signed,” said Jordan Richman, a commercial real-estate broker with Grubb & Ellis. View article…
Graham Downes Architecture opens Phoenix office Graham Downes Architecture in San Diego has opened a Phoenix office, citing an uptick in business in the Valley. “There’s a tangible rebound happening,” said Matthew Hake, who will head up the Phoenix office at 4425 N. 27th St. View article…
Pharmacy company hiring 400 in Arizona OptumRx, a division of UnitedHealth Group (NYSE: UNH), is opening a customer service facility in Tucson and plans to create 400 jobs by the end of 2013. The nation’s fourth-largest pharmacy benefits manager provides a range of pharmacy services designed to reduce health care costs and improve health. View article…
Phoenix effort to bring new vibe to N. 32nd St. takes off A group of about 60 people endorsed five areas to work on to boost the prospects of North 32nd Street between its junction with Arizona 51 and Union Hills Drive. Phoenix City Councilmen Bill Gates and Jim Waring assembled the group, which consisted of residents, business owners and others who work or do business along the road in northeast Phoenix. View article…
Arizona jobs outlook expected to rebound Hiring is expected to increase in several areas of the Arizona economy this year as the recovery picks up momentum and employers gain confidence. Traditionally strong sectors are poised to add jobs in 2012: private education, health care and transportation, as well as retail and hospitality. Some areas in technology are also hot, and construction jobs are making a small comeback. View article…
Phoenix-Mesa Gateway Airport focuses on growth Over the past three years, Phoenix-Mesa Gateway Airport officials have grappled with a virtually endless agenda of needs to accommodate growth. Now, the tallest item on that list is finally getting attention because it isn’t big enough. “Expansion of the existing air-traffic-control tower is not a question of if, but when,” Bill Mitchell, the airport’s director of operations and maintenance, said in a memo Monday to the airport’s governing board. View article…
Phoenix’s 1st surplus in years may restore services Phoenix may open its libraries longer, hire more paramedics and offer extra classes at senior centers later this year as officials consider the most significant budget expansion since the recession decimated city finances and forced cuts to services. Even after expanding some services, city officials are projecting a surplus of $10 million to $15 million in the general-fund budget for the 2012-13 fiscal year that begins July1. View article…
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Bella Vista Retail Center – Investment, multi-tenant retail center. For a brochure, click here…
+/- 43,000 SF Leased Industrial Building in Southern Gardens – Single Tenant Investment opportunity. For more information, click here…
Former TDC Corp HQ – 6515 S Rural Road, Tempe, AZ – Former Corporate HQ for TDC in Tempe, AZ For Sale. For more information, click here…
5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office For Sale/Lease. For a brochure, click here…
7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity. For a brochure, click here…
Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park. For a brochure, click here…
2 Acres of Land – Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. For a brochure, click here…
3.64 Acres of Land – Infill Development opportunity in Surprise. For a brochure, click here…
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.