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CREReport | Phoenix for October 24, 2014

CREReport | Phoenix

Commercial Real Estate Report for October 24, 2014

Michael Lewis Co. Plans to Develop 300K SF Industrial Space at Goodyear Gateway South

BREW reports “Michael Lewis Co. (MLCo) in McCook, Ill. (Michael Simon, pres.) plans to develop a 300,000-square-foot warehouse distribution facility within the Goodyear Gateway South industrial park in Goodyear.”

Related, news of the acquisition of the property first appeared on Oct. 21: “Michael Lewis Co. Acquires 30 Acres in Goodyear Gateway South

Lennar Multifamily Acquiring 10.8 Acres in Chandler for $4.5M, Plans 283-Unit Apartment Complex

Lennar Multifamily is preparing to purchase a 10.8-acre site at NEC McClintock Dr & Chandler Blvd in Chandler from Desert Viking Apartments LLC for $4.5M. The company plans to develop a 283-unit multifamily complex at the location.

Greasewood Flats: Current Location Will Close, Plans to Build New Location Tabled

The Cavalliere family had plans to relocate the Greasewood Flats to a new site near 128th St & Ranch Gate Rd. The family has decided not to proceed with the development.

The current location of Greasewood Flats at SEC Alma School Pkwy & Pinnacle Vista Dr will close when Taylor Morrison begins developing a proposed 80-lot subdivision, Cavalliere Flats, at the site.

Previously reported on Sept. 8: “Plans Submitted To Build 80-Lot Cavalliere Flats In North Scottsdale

Angry Crab Shack Opens New Location in Central Phoenix

Angry Crab Shack opened a new location at NEC 28th St & Indian School Rd in Central Phoenix. This is the company’s second location in the Valley.

Plans to Open Microbrewery in South Scottsdale Hit Zoning Concerns

Plans to open a McFate Brewing location at S/SWC Scottsdale Rd & McDowell Rd in South Scottsdale are hitting problems due to zoning. Scottsdale’s Development Review Board approved most of the plans but voted to review inclusion of a grain bin at the later date.

Beer Research Institute Opening in East Valley

The Beer Research Institute is opening at SEC Stapley Dr & US-60 (Superstition Fwy) in Mesa.

Plans for Freeway Moving Forward; Businesses Told to Get Out of the Way

Plans to build Loop 202 South Mountain Freeway are proceeding. Arizona Department of Transportation sent letters to select residents and businesses notifying them that their property could be in the right-of-way of the project.

ADOT will not begin acquiring properties until the extension is approved by the Federal Highway Administration.

Toby Keith’s I Love This Bar & Grill Opening in North Phoenix

Toby Keith’s I Love This Bar & Grill closed its location at Mesa Riverview Center and will open a replacement location at W/SWC 56th St & Deer Valley Rd in North Phoenix mid-November.

Russ Lyon Sotheby's International Realty Opens New Office in Cave Creek

Russ Lyon Sotheby's International Realty announced that the company has opened a new office at NWC Cave Creek Rd & Rancho Manana Rd in Cave Creek.

Sprouts Opening 25K SF Store in Central Scottsdale

Sprouts Farmers Market is opening a 25,200 square-foot store at N/NEC Scottsdale Rd & McDonald Dr in Central Scottsdale.

Add Your Company to promotes itself as a site that “allows Arizona businesses to connect with one another and reach out to firms in Canada, Mexico and other places, with the aim of cultivating commercial ties.”

One of the map filters promotes real estate - looks like Arizona Storage Inns is promoting properties on it. Not sure if that's what the makers of the site envisioned. But adding CRE companies is definitely something that can be done.