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PHOENIX-The newest location in the metro expansion is One Compass Center at 48th Street and University Drive. The facility is a business banking center that targets business owners with annual revenues of $2.5 million to $20 million.
GLENDALE, AZ-The construction crew will dig into the 165-acre site to build a 63,000-sf stadium for the Arizona Cardinals and a neighbor to the 17,000-seat Phoenix Coyotes' hockey arena. The stadium will deliver in August 2006.
PHOENIX-The food wholesaler has two more build-to-suit sites to secure in its metro Phoenix expansion. The newest location is the corner of 43rd Avenue and McDowell Road, where it's signed a 20-year lease for a 20,725-sf store.
TUCSON, AZ-JI Kislak Inc. of Miami Lakes outdistances nine others in the race for the 330-unit Sundown Village, a 94%-occupied community with a view of the Catalina Mountains. Occupancy and steady income flow account for the heated bidding.
SCOTTSDALE, AZ-The 55,000-sf expansion takes many of the lessons learned post-Sept. 11 and incorporates them into a design being touted as "the best of the best." The Scottsdale Healthcare Osborn project delivers in summer 2004.
PHOENIX-Nicole Corp. signs an 11-month deal for $180,000 and immediately moves so building repairs can be made to its main manufacturing site. The firm has settled into 5102 W. McKinley, space emptied by Thornwood Furniture.
BULLHEAD CITY, AZ-The deal overcomes language barriers and normal negotiating obstacles on the road to a closing with a final price of $400,000 below the original ask. A Las Vegas broker is the intermediary between the Japanese seller and LA buyer.
SCOTTSDALE, AZ-The 65-year lease took eight years to settle, but now that it's done the Alter Group is negotiating with six retail chains and eight office users for a 186-acre development on the Salt River Indian Reservation.
PHOENIX-Arizona Office Technologies takes 28,000 sf at Opus Cotton Center, a 124,000-sf building that reaches 51% occupancy with the new deal. The goal is 100% by year's end, a feat that the brokers say is deliverable.
SCOTTSDALE, AZ-The lawsuit claims the taxpayer-funded subsidy for a 42-acre, big box development is an "unlawful gift" to developer Steve Ellman. The other side of the story claims the Scottsdale residents' action is union-motivated.