Loading...
You are here:  Home  >  Real Estate  >  Current Article

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

Posted by   /  December 18, 2019  /  No Comments

    Print       Email
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:

January

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.

READ ON:

(Subscriber content)

    Print       Email

Leave a Reply

You might also like...

Casa Grande approves Bridgestone/Firestone at prime location

Read More →