PHOENIX-Marriott Hotels is poised to sell the surplus land from a 192-room hotel project that is in the final planning stages. About 4.2 acres of an 8 1/2-acre tract is coming to market. Interest is high in the Camelback Corridor land, says the listing broker.
CHANDLER, AZ-Shoppers and curiosity seekers line up today for a glimpse of Chandler Fashion Square, a 1.3 million-sf venue that marks the emergence of Chandler as a thriving hub instead of a sleepy bedroom community.
CHANDLER, AZ-Today, Intel welcomes its newest addition to its chip manufacturing line-up, a $2-billion facility that adds another 1,000 jobs to Chandler's employment base. Intel's Fab 22 opening coincides with Q3 stats showing quarterly revenues of $6.5 billion.
CHANDLER, AZ-Mississippi-based EastGroup Properties is plotting a major redevelopment of the 70,000-sf Southpark, an industrial project that's sat empty since its delivery in late 2000. The new owner already has leased 40% of the distribution center.
PHOENIX-It's undoubtedly the region's healthiest this year, judging from construction and acquisitions. The muscle flexing continues with TN-based Iasis Healthcare spending $55 million for hospitals in Phoenix and Tempe.
SCOTTSDALE, AZ-Ryan Cos.' newest undertaking, a 140,000-sf class A office building, is ready to go now that the tenant's in hand. The 100,000-sf signing drives an early 2002 groundbreaking and a 2003 consolidation for Dallas-based Pegasus.
AVONDALE, AZ-The San Diego-based Jack in the Box has lined up a 40,000-sf retail pad site for its next eatery. Ground will break soon at a high-traffic intersection in Avondale, a fast-growing suburb 12 miles west of downtown Phoenix.
TEMPE, AZ-Net Strategies will relocate from Mesa into a 10,400-sf Tempe spot once occupied by Valley Furniture along W. University Drive. The flex space is positioned in a submarket that ranks second in the region for its vacancy rate.
TUCSON-A California family trust buys the 108-unit Coachlight Plaza from Tucson investor Dan Felger in a $2.9-million deal. Felger, who's owned the university complex for six years, snags a little more than $27,000 per unit for the Tucson property