Commerce Archives

Local salt company launches new bacon products

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Local salt purveyors Aaron and Liz Eckburg have been busy. These two serial entrepreneurs have parlayed their love of pork products and salt and have launched a new line of bacon aptly named, “Bring Home the Bacon” this month at the Gilbert and Fountain Hills Farmers’ Markets, and are working to bring it to local… Read More →

NJOY Raises More Than $70 Million

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NJOY, the world’s leading independent electronic cigarette company, today announced that it has completed another successful private fundraising round attracting more than $70 million in capital. The round was led by Brookside Capital along with Morgan Stanley Investment Management, investing on behalf of mutual funds and other pooled vehicles for which it acts as investment… Read More →

Arizona Commercial Real Estate Experts predict slow recovery leading to better 2015

Marina Heights rendering courtesy of DAVIS.

In the ’90s, the joke was that the state bird was a construction crane, says AAED’s Executive Director Joyce Grossman. She motions out the window of her downtown Phoenix office and says, “You look around here, and you see cranes in the air. That means jobs.” Arizona isn’t seeing the growth it did in the… Read More →

JBA Consulting Engineers Opens Arizona Office

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  JBA Consulting Engineers (JBA), a global leader in active building systems, began operations in Arizona recently. It named Michael Shafer, CTS and Timothy Johnson RCDD, CTS as Managers of Technology Design Solutions and Senior Project Consultant respectively. Shafer and Johnson’s more than 50 years of combined experience and vast knowledge of the market will… Read More →

More Than $1B In Valley Economic Development Projects Announced In Banner 48-Hour Period

Marina Heights rendering courtesy of DAVIS.

  It could be the best 48 hours ever for Valley development and commercial real estate: three projects and more than $1B in economic impact. In the past 48 hours plans were revealed for three major investment and construction projects in Metro Phoenix, including today’s announcement of the $600M Marina Heights mixed-used development on Tempe… Read More →

Dibble Engineering Announces Opening Of Tucson Office

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  Dibble Engineering announces the establishment of a new office in Tucson. Dibble Engineering provides complete civil engineering and construction administration services across eight specialized practices: >> Airport Infrastructure; >> Drainage and Flood Control; >> Water/Wastewater; >> Infrastructure Rehabilitation; >> Site Infrastructure; >> Survey/GIS; >> Transportation; >> Land Development. The new office is at 177… Read More →

Metro Phoenix Retail Continues A Slow, Steady Rebound

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  With the close of 2Q 2013, Velocity Retail’s research has confirmed what we have been speculating: the retail market in Phoenix is on the rebound with several key benchmarks collaborating this: >> Vacancy is down; >> Leasing activity is up; >> Regional areas are showing significant improvement. Currently, as of 2Q 2013, our research… Read More →

Historic Chandler Wedding, Event Venue To Re-Open As SoHo63

The Christensen family at SoHo63 in Downtown Chandler.

  A historic East Valley wedding and event venue will re-emerge in a few short weeks with a fresh look and a new name under new ownership. SoHo63, formerly the Inspirador, will host its first event in late August as a modern, multi-purpose venue for both weddings and corporate events. SoHo63, 63 E. Boston St.,… Read More →

Rivulon Ramping Up: With Construction Set For Fall, Gilbert Project Poised To Move Forward

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  Gilbert is one of the fastest-growing residential communities in the nation. It is only fitting that a scene of such dynamic growth is the home of what is poised to emerge as one of the region’s most promising new commercial developments: Rivulon. Developed by Nationwide Realty Investors (NRI), the real estate development affiliate of… Read More →

Hill International/ASL Joint Venture Named Program Manager at Phoenix Sky Harbor

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  Hill International, a managing construction risk firm, announced today that its joint venture with Abadjis Systems, Ltd. (ASL) has been awarded a contract by the City of Phoenix to provide aviation capital program management staff support services in connection with the Capital Improvement Program at Phoenix Sky Harbor International Airport. The contract, which has a one-year base term and four… Read More →

CAREDF Completing Update Of Commercial Real Estate Inventory In Pinal County

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  The Central Arizona Regional Economic Development Foundation (CAREDF) is taking the initiative to complete a mass update of commercial real estate inventory in Casa Grande, Eloy, Coolidge and parts of unincorporated Pinal County. This undertaking began in May and will likely conclude in July. The purpose of this project is to update the Arizona… Read More →

Town of Gilbert 1st Arizona Economic Development Organization To Be Accredited By IEDC

Banner MD Anderson Cancer Center in Gilbert

  The International Economic Development Council (IEDC) announced that the Town of Gilbert has been recognized as the first Arizona economic development organization, the second municipality and one of just 35 economic development organizations in the nation accredited as an Accredited Economic Development Organization (AEDO). “The Gilbert Office of Economic Development displays the professionalism, commitment,… Read More →

Phoenix Office Market Strives to Regain Traction After Strong Year-End Showing

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  The Phoenix office market has been making steady gains during the past two quarters and was the last commercial real estate sector to rise from the Great Recession, according to research by Lee & Associate’s Matt DePinto. Continuation at that pace into 2013 was expected by many experts. Although the Phoenix office sector is… Read More →

Venue Projects Teams With Small-business Owners to Redevelop Abandoned, Iconic Restaurant

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  For 45 years, Beef Eaters Restaurant in Phoenix was the place where local power brokers cut deals, families enjoyed Sunday brunch and neighborhood folks went for a good steak and a stiff drink. The iconic restaurant shut its doors for good in 2006 when founder Jay Newton died. Now, the site – with its… Read More →

With CRE Financing Up 26% in 2012, Rigid Industries Uses Funds for Expansion, Growth

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  Financing of commercial real estate purchases using SBA loans in Arizona was up 26% in calendar 2012 compared to 2011, according to CDC Small Business Finance, a local leader in SBA lending. For calendar 2012, $176M in financing was approved with 137 SBA-504 loans to help small businesses purchase commercial/industrial buildings. In 2011, $139M… Read More →

"Where Environment Meets Technology": Continuum poised to become Arizona’s next state-of-the-art business park

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  As the City of Chandler positions itself to become a major player in attracting technology and bio-science companies, a state-of-the-art, 152-acre business park rises from the site of the old Motorola plant amid pastures where cows still graze. Continuum, located along the fast-growing Price Corridor, boasts of its high capacity infrastructure, advanced voice and… Read More →

Construction Spending Slips in November, But Rises From A Year Ago

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  Construction spending dipped from October to November, but resolution of the uncertainty regarding federal taxes for 2013 should unleash more private construction investment, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials warned, however, that unresolved issues about federal construction spending, including storm relief… Read More →

Pollack Ends Year With $10M Sale and Purchases $2.6M Center to Revitalize

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  Pollack Real Estate Investments owner Michael Pollack will close 2012 on a high note  reinvesting, redeveloping and revitalizing another shopping center. Pollack accepted one of several purchase offers at $9.9M for his El Monte Plaza, which is currently at 100% percent occupancy at the SEC of 19th Ave. and Dunlap in North Phoenix. “It… Read More →

Early Success Drives GPEC to Expand 'California 50' program

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November 19, 2012 by in Commerce | Economic Development | Job Creation

After the Greater Phoenix Economic Council (GPEC) launched the California 50 program, the organization announced it is expanding the program – which aims to fly 50 Golden State CEOs to the Phoenix metro region for an opportunity to tour and explore the market – to 100 California-based CEOs due to high demand. “The response to… Read More →

GPEC Launches Unique Program After California Passes Massive Tax Initiative

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November 9, 2012 by in Commerce | Economic Development | Job Creation

The Greater Phoenix Economic Council (GPEC) announced The California 50, a program that offers Golden State CEOs an insider’s look at the Greater Phoenix market. The first 50 qualified California-based CEOs who would like to evaluate the Greater Phoenix market for business growth opportunities will receive complimentary airfare and accommodations. The announcement comes on the… Read More →

Metrocenter Looks Local, Partners With Kimber Lanning

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A new partnership between Metrocenter and local business advocate Kimber Lanning marks the latest step by mall owner Carlyle Development Group to strengthen the connection between the retail landmark and its Phoenix community. “We’ve spent more than a year listening, building relationships and creating a plan to meet the needs of our almost half-a-million nearby… Read More →

Making the Retail Experience, Well, An Experience

Scottsdale Quarter Phtography

Shoppers can buy just about anything they’d like or need on the Web. What they can’t do online, however, is make a craft, have their hair done by a blow-dryer-wielding stylist or munch on gourmet snacks delivered to their reserved seats as they’re watching a movie. Call it the retail experience. It’s non-Web entertainment options such… Read More →

The Rockefeller Group And IPA Form JV To Develop 402 Apartments In Gilbert

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Investment Property Associates (IPA) and The Rockefeller Group have entered into a joint venture agreement to develop a 402-unit Class A apartment community at the NEC of Warner and Recker roads in Gilbert. The 24.67-acre site is fully entitled and the developers plan to break ground on the first of two phases in early 2013;… Read More →

Solar Engineering Firm, AKO Engineering, Expands To Chandler From Spain

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AKO Engineering, Inc., headquartered in Barcelona, Spain, is expanding its operations to the Price Corridor in Chandler. AKO is an engineering firm that designs, supplies, supervises and installs electrical heat tracing (EHT) in thermal solar power projects. AKO is making this move in order to expand its technology, AKOTRACE in the electrical heat-tracing sector in… Read More →