Tuesday, September 28, 2010

California developer buys three industrial buildings - Phoenix Business Journal:

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The real estate development firm is based inOrange County, Calif. The three buildings are occupiexunder long-term leases. Ford Motor Credir is housed inthe 57,193-square-foot building at 1355 S. Clearview Ave. in The T-Mobile building, at 44,244 square feet, is at 2601 W. Broadwah Road in Tempe. And Ascent Healthcare Solutionsoccupies 39,28o0 square feet at 10232 S. 51st St. in Bixby officials said the properties all are nearmajorr freeways. The company is expanding into the Phoenisx area because of the local population and job While mostof Bixby's portfolipo is located in California, the companyy also owns an industrial buildingy on Galveston Street in For more: .
celebrated a milestone in topping outthe . Perini placed the final steel beam on thehoteol tower, signifying completion of major constructionj on the building's exterior. Guests and the constructiom crew gathered to sign the steel beam and watch as it was hoistedf to the top ofthe hotel. Operatesd by Starwood Hotels ResortsWorldwide Inc., Sheraton Phoenix Downtown Hotel is in the Civixc Plaza area, one block from the Phoeni Convention Center. The 1,000-room hotel will boast more than 80,000 square feet of flexible meeting including anearly 30,000-square-foot ballroom and a 15,000-square-foot juniodr ballroom.
Additional amenities will include afitnes center, outdoor pool and sun deck, and a lobby bar, restauran and lounge with outdoor seating. At the peak of about 650 crafts­people were while 400 have been workinyg on the project on adaily basis. Using more than 5,000 tons of steel weighing nearlgy 13 million pounds and 695 milesaof wire, Perini builr the interior and exterior of the towe simultaneously. As floors were added, crewse sealed them for water protection and started on the For more: . Construction has begunm on a 7.5-acre retail project at the southwes t corner of Estrella Parkway and Ellwood Streefin Goodyear.
The project will include 33,000 square feet in threw buildings and three pads alongEstrella Parkway. The projec already has tenants including anail salon, pizza restaurant and ice creamk parlor. The center is expected to cater to residentse of the Estrella and KingRancu communities, and to employees and visitorsa of the new city center, the Cleveland Indiane baseball facility and the Federatec Stores distribution center. For more: provided $7.85 million in financing to Biltmoree Holdings for the purchase of a former Alaska Airlines call centedin Tempe. Phoenix-based Biltmore is acquiring the 70,434-square-foot building at 734 W.
Alamedz Drive with plans to renovate, upgrade and release the NewStar, based in Boston, specializese in commercial financing. For more: . The statd Registrar of Contractors signeda 67-month leaser for 31,638 square feet of office space on threed floors at City Square, 3838 N. Central Ave. The The Shidler Group, completed 153,9844 square feet in lease transactions at City Square sincs the beginning of the year to bring the three office combined occupancy to 81 Shidler was represented byGrubb & Ellis/BRE The Registrar of Contractors was represented by The Staubacyh Co. Terms of the deal were not For more: .
Construction is under way on Zanjero FallsCorporate Oasis, a professionalo office condominium development in Glendale. It will have 160,000 squarr feet of office space, with unites starting at 1,019 square feet. In addition, eightf professional villas are Buyers ofthose 1-acre lots can choose from officde floor plans ranging from 8,500 to 10,000 square feet. The projec t is at Zanjero Boulevard and91st Avenue, with easy access to Loop 101. The propert is being marketed by LogahnCommercial Advisors, and suites are available at $235 to $260 per squarse foot. For more: .

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