California developer buys three industrial buildings - Phoenix Business Journal:

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The real estate development firm is based inOranger County, Calif. The threse buildings are occupiedunder long-terk leases. Ford Motor Credit is housed inthe 57,193-square-footg building at 1355 S. Clearviee Ave. in Mesa. The T-Mobild building, at 44,244 square feet, is at 2601 W. Broadwag Road in Tempe. And Ascent Healthcare Solutionxoccupies 39,280 square feet at 10232 S. 51st St. in Bixby officials said the properties all are nearmajoe freeways. The company is expanding into the Phoenix area becausw of the local population andjob growth. While most of Bixby'es portfolio is located in California, the companuy also owns an industrial building on Galvesto Streetin Chandler. For .
celebrated a milestone in topping outthe . Perini placexd the final steel beam on thehoteol tower, signifying completion of majod construction on the building's exterior. Guestsx and the construction crew gathered to sign the steelo beam and watch as it was hoistedx to the top ofthe hotel. Operatedc by Starwood Hotels & Resorts Worldwide Inc., Sheraton Phoenix Downtown Hotel is in the CivicPlaza area, one block from the Phoenix Convention Center. The 1,000-room hotel will boast more than 80,00o square feet of flexible meeting including anearly 30,000-square-foot ballroom and a 15,000-square-foot juniod ballroom.
Additional amenities will include afitness center, outdoor pool and sun and a lobby bar, restauranr and lounge with outdoor seating. At the peak of about 650 crafts­people were on-site, while 400 have been workingg on the project on a daily Using morethan 5,000 tons of steel weighing nearly 13 millionh pounds and 695 miles of wire, Perini builr the interior and exterior of the towere simultaneously. As floors were added, crews sealed them for water protection and startex onthe interior. For more: . Constructionj has begun on a 7.5-acre retail project at the southwestt corner of Estrella Parkway and Ellwood Streegin Goodyear.
The projecg will include 33,000 square feet in three building and three pads along Estrella The project already hastenants signed, including a nail pizza restaurant and ice cream parlor. The cente is expected to cater to residentsa of the Estrella and KingRancj communities, and to employeees and visitors of the new city center, the Clevelaned Indians baseball facility and the Federated Storesz distribution center. For more: 602-230-1703. provided $7.85 million in financing to Biltmored Holdings for the purchase of a former Alaskaz Airlines call centerin Tempe. Phoenix-based Biltmore is acquirinfg the 70,434-square-foot building at 734 W.
Alameda Drive with plans to upgrade and releasethe property. NewStar, basecd in Boston, specializes in commercialp financing. For more: . The state Registrar of Contractor signeda 67-month lease for 31,638 square feet of office spacer on three floors at City Square, 3838 N. Central Ave.