PHOENIX-The dry riverbed is becoming a hotbed for development, attracting activity such as a 30,000-sf headquarters project to a proposed 18-hole golf course on 160 acres. Developers and the city are eyeing the promise in the seven-square miles.
TEMPE, AZ-Coldwell Banker Success Realty is in for 5,732 sf while Farnsworth, Webb & Greer settle on 7,818 sf at the recently completed 120,000-sf Warner Courtyards at 301 W. Warner Rd., a Denali National Trust development.
PHOENIX-Three stores have delivered and five more will open in the next two months as the coffee house chain ramps up its entry into the metro Phoenix market. The stores range from 1,000 sf to 1,900 sf.
SCOTTSDALE, AZ-In a unanimous balloting, the council elects a trio of top executives and founders loaded with credentials in the biotech, environmental and plastics fields. The winners are Michael Berens, Brian C. Hageman and Dave L. Larson.
TUCSON-The restaurateur is scouting for the sites for a five-year roll-out plan to boost the count to seven in the Tucson area. The father-and-son team of William and Joseph Leto are the franchise developers.
PHOENIX-Scientific Games of Atlanta takes 23,600 sf for the long term in a 68,000-sf building at 4325 S. 30th St. The move-in is set for Dec. 1. The decision was mortared by the proximity to the state's lottery headquarters.
SCOTTSDALE, AZ-An investment services firm takes 7,500 sf while a three-time winner of a prestigious nationwide honor slides into 5,000 sf for its technology recruitment operation.
TOLLESON, AZ-Altana AG is gearing up to move into 54,200 sf at the Transpacific Distribution Center, marking the first lease for a 190,000-sf building that's sat empty for two years. The firm will relocate from 54th Avenue.
PHOENIX-Transactions in metro Phoenix these days are predominately fueled by 1031 Exchanges from smaller, private investors. The pool of cash is available, but often the replacement product is hard to find.
SCOTTSDALE, AZ-Doors open tomorrow on the Americas Information Services Data Center. The opening is part of DHL Worldwide Express' $250-million plan for Arizona in the next five years.