Commercial Real Estate & Business News – August 8, 2016

Arizona export growth thus far in 2016 has given the state a global trade surplus, according to the U.S. Census Bureau. The state ended the first half of the year with a $504 million trade surplus, one of only 16 states, including District of Columbia and Puerto Rico, to show black ink when it comes to shipping exports across the border...»

Tempe jumped up in rankings for its college experience, snagging the No. 1 spot for the best college town in the nation, according to analysts by research agency Livability...» 
MLCo selected Goodyear Gateway industrial park for its new building because of its pre-approved Foreign Trade Zone designation and close proximity to Interstate 10. With almost 100 employees, MLCo had outgrown its previous 100,000-square-foot facility near Phoenix Sky Harbor International Airport, while also using two additional outside storage facilities...»
Phoenix-based real estate firm Vestar acquired Lakeview Village at Morrison Ranch, a 93,741-square-foot grocery-anchored neighborhood center in Gilbert for $17.96 million...»
The Phoenician Resort at the south foot of Camelback Mountain could downsize its golf courses from 27 to 18 holes as part of a potential redevelopment plan that could bring new high-end residential units to the property...»

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