April 19, 2024 12:08 pm
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Glendale gains new huge industrial development

Photo submitted to Glendale Independent

By Steve Stockmar | Glendale Independent

Even in a year fraught with coronavirus, construction tax revenue is surging in Glendale, and got another big boost Dec. 22.

A 74-acre industrial development site along the Loop 303 corridor was sold with plans to bring a new Class A industrial project known as Commerce @ 303 to the tune of more than 1 million square feet of space.

The parcel, at the northeast corner of Camelback and Alsup roads, went for $14.4 million to New York Life Real Estate Investors, on behalf of an institutional client, and fellow San Francisco-headquartered SteelWave, a full-service commercial, multifamily and mixed-use real estate management, operating company and investment management firm.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.