Commercial Real Estate & Business News – October 12, 2015

HAPPY COLUMBUS DAY!

After Mesa successfully lobbied federal officials for control of the former Air Force Research Laboratory in 2011, its vision for the Phoenix-Mesa Gateway Airport-area facility was lofty. It would give the 6.5-acre campus a facelift, tout the lab's rare, high-level government-security clearance across the state and nation, and watch prestigious defense contracts and research jobs roll in... Read more »
Internet connectivity is just one of the must-haves for student housing, KTGY Architecture + Planning design principal David Senden tells GlobeSt.com. Senden spoke with us exclusively about the essentials for developing successful student-housing communities. Below, his list of the five biggest trends in student housing and how to take advantage of them... Read more »
Mark-Taylor Inc., best known for its success in the multifamily residential arena, ran its streak atop the Phoenix Business Journal's Commercial Real Estate Developers list to four years with a No. 1 placing as the 2015 version of the list was published today. The list is ranked by total square footage of commercial projects started or completed in 2014. Mark-Taylor, No. 1 since 2012... Read more »
Irvine, California-based Silverpeak Real Estate Advisors purchased the 88,000 square foot industrial flex building at 1150 N Fiesta Blvd in Gilbert on Tuesday. The building is net-leased to Curtiss-Wright Controls Integrated Sensing Inc, a subsidiary of Curtiss-Wright Corporation. Pursuant to a sale agreement dated November of 2013, the property sold for $19 million or $216 per square foot. 1150 N Fiesta Blvd was built in 1997 and was fully renovated in 2014... Read more »
Drone technology has become a multi-billion-dollar business, as consumer uses multiply and the U.S. military begins phasing out manned vehicle operations in favor of unmanned flights, leading real estate investors and developers to pay attention. The Association for Unmanned Vehicle Systems International (AUVSI) predicts that drone production will grow to $82.1 billion and more than 100,000 jobs across the country by 2025, assuming that the Federal Aviation Administration (FAA) cooperates... Read more »

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