Business Development Featured Fara Illich August 11, 2010

The Phoenix Business Journal reported the City of Phoenix has issued an RFP for a developer to construct a 100,000 square-foot biomedical facility.  The TGENbuilding will be located on the parcel directly south of the existing Translational Genomics Institute (TGEN) and will join the Arizona Biomedical Collaborative (ABC1) and University of Arizona College of Medicine in Phoenix.
The 268,000 square foot Health Sciences Education Building is currently under construction to the east and will be completed in 2012. For more information please visit:  City of Phoenix seeking developer for new biomedical building.
In other development news, on Friday Aug. 6 it was announced that ML Managers, LLC, has taken possession of the unfinished Hotel Monroe Project located at Central Avenue and Monroe.  The iconic professional building was being developed as a boutique hotel until the downfall of Mortgages Limited in 2008 brought work to a halt. ML Managers has acquired a number of properties in recent months including Los Arcos Crossing and Ten Wine Lofts.  For more information please visit:  ML Managers takes over Ten Wine Lofts, Hotel Monroe.