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Commercial Real Estate & Business News – September 15, 2016

September 15, 2016 by Nick Miner, CCIM   No comments   Filed Under: Daily News

California Firm Building $38M Regional Center on Tribal Land
McKesson, a health care pharmacology, technology and supply vendor, is boosting its Valley presence with a 271,000-square-foot twinned office complex in the Salt River Pima-Maricopa Indian Community. This is a major expansion for the 30,000-employee…»
Construction Loans Fall Victim to Concentration Risk Concerns
Capital is still free flowing for most borrowers. Yet some banks are taking their foot off the gas pedal for apartment construction loans in select markets where there are growing concerns of concentration risk. Banks are cautious about over-exposure…»
Southwest Redevelopment Area Approved Around Fiesta District Mesa

A short drive down Southern Avenue in southwest Mesa is sure to be filled with scenes of vacant buildings and abandoned shopping centers; however, a plan passed by Mesa City Council is trying to fix that. The area around the Fiesta District West Mesa has been deemed “blighted” …»

Big Tire Wholesaler Enters AZ Market with Phoenix Distribution
A Southern California-based tire wholesaler is entering the Arizona market with a new distribution center in Phoenix. Corona, California-based Tire’s Warehouse Inc. has leased 83,000 square feet at 15th Street and Buckeye Road near Phoenix Sky Harbor National Airport.…»
True Food Kitchen Hires Former Starbucks Executive as CEO
Fox Restaurant Concepts (FRC) has hired former Starbucks executive Christine Barone as chief executive officer of True Food Kitchen, one of Sam Fox’s restaurant concepts inspired by the principles of Dr. Andrew Weil’s anti-inflammatory food pyramid. …»

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Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

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