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Year in review: Commercial real estate deals boom in Valley during 2019

Posted by   /  December 18, 2019  /  No Comments

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Deloitte is doubling its footprint in Gilbert by leasing an additional 100,000 square feet at the Commons at Rivulon. / Nationwide Realty Investors / Phoenix Business Journal

By Corina Vanek | Phoenix Business Journal

Here’s a quick look at the major highlights of the year in commercial real estate in the Valley, with the top story from each month:


bankruptcy court ruling opened up nearly 5 square miles of land near Desert Ridge Marketplace. California-based Crown Realty and Development acquired 96.5 acres of the land and master developer rights to a total of 5,700 acres.

Crown CEO Robert Flaxman was arrested later in the year in connection with a college bribery scheme that implicated dozens of high-net-worth individuals. Flaxman was sentenced to one month in prison for his role, but the project remains underway, and horizontal improvements have begun on some portions of the site.


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