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SCOTTSDALE, AZ-Site work has begun on Terra Verde, an office trio surrounded on three sides by the TPC Desert Golf Course. The first space delivers in summer 2009.
GLENDALE, AZ-Hammons opens to a full house at the $80-million-plus, 320-key Marriott Renaissance. He's working a $750-million push in the West and planning to add more.
PHOENIX-Researchers say 3.2 million sf to 3.5 million sf of office space will deliver within six months. There is concern since Q3 reports put the highest absorption at 555,719 sf.
PHOENIX-A merger between Integra Telecom Inc. and Eschelon Telecom Inc. leads to a relocation and expansion lease at the 86,835-sf South Mountain Center.
CASA GRANDE, AZ-The PepsiCo affiliate will keep 10 acres for a distribution center and Arizona Land Group gets the rest of the $5.3-million buy for development sites.
CHANDLER, AZ-Biltmore Holdings and LGE Design Build acquire a 22.5-acre site that once held an industrial plant, with plans to develop the 468,000-sf 101 Chandler.
PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.