The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from May 9 thru 13, 2016

RETAIL – SEC RAY RD. & KYRENE RD., CHANDLER
ZELL Commercial Real Estate Services announced that Natural Grocers leased 14,264-square-feet at the SEC of Ray Rd., and Kyrene Rd., Chandler.  Bryan Ledbetter represented the Landlord.

RETAIL – NWC GREENWAY RD., & 59^th AVE., GLENDALE
ZELL Commercial Real Estate Services announced that On Stage Dance Studio leased 6,180-square-feet at the NWC of Greenway Rd., & 59^th Ave., Glendale.  Donna Reece represented the Landlord.

RETAIL – CHANDLER CROSSING, CHANDLER
Rommie Mojahed and Mary Nollenberger have leased 4,800-square-feet to William Rea with Blue 32 Chandler LLC.  The new sports grill will open up at the new Chandler Crossings retail development on Arizona Avenue and Chandler Heights Blvd.  It will join Alamo Draft House Cinema, Dairy Queen, and Charter Schools on a long-term lease for over $1.3 million.  SVN Desert Commercial Advisors represented the landlord, The Shoppes at Chandler Heights.

OFFICE – 8687 E. VIA DE VENTURA, SCOTTSDALE
Justin Horwitz and Nicole Ridberg have leased 3,529-square-feet of office space at Ventura Gateway to Joseph Schifano with Dependable Nurses, Inc.  The property is located at 8687 E. Via De Ventura in Scottsdale.  The landlord, Ventura Management, LLC was represented by Horwitz and Ridberg with SVN Desert Commercial Advisors in the lease transaction.

OFFICE – 2103 E. CEDAR ST., PHOENIX
Justin Horwitz and Jonathan Levy have leased 2,386-square-feet of office space to Floyd Carns with Empire Services West, LLC.  The property is in the Cedar Business Park located at 2103 E. Cedar Street.  The landlord was outside broker and the tenant was represented by the SVN Desert Commercial Advisors at the Phoenix office.

RETAIL – 8687 E. VIA DE VENTURA, SCOTTSDALE
Justin Horwitz and Nicole Ridberg have leased 2,026-square-feet of retail space to David Baxter with D Baxter Enterprises, LLC.  The landlord was represented by SVN Desert Commercial Advisors, Horwitz and Ridberg in the transaction.  The property is in at Ventura Gateway located at 8687 E. Via de Ventura in Scottsdale.

RETAIL – NEC UNION HILLS DR. & 7^th ST., PHOENIX
ZELL Commercial Real Estate Services announced that Original Stone Bread Pizzas leased 1,800-square-feet at the NEC of Union Hills Dr., & 7^th St., Phoenix.  Donna Reece & Bryan Ledbetter represented the Landlord.

RETAIL – SWC ALMA SCHOOL & GERMANN RD., CHANDLER
ZELL Commercial Real Estate Services announced that Totally Chi Reflexology leased 1,400-square-feet at the SWC of Alma School & Germann Rd., Chandler.  Dena Zell & Bryan Ledbetter represented the Landlord.

RETAIL – 730 E. BROWN RD., MESA
Shari Tucker and Judy Jones have leased 1,200-square-feet of retail space to Dwanna Willis with The Shoe Divaz, LLC.  The property is in the Brown & Horne Center located at 730 E. Brown Rd. in Mesa.  SVN Desert Commercial Advisors represented the landlord in the transaction.

RETAIL – NWC CHANDLER HEIGHTS & GILBERT RD., CHANDLER
ZELL Commercial Real Estate Services announced that Big League Haircuts leased 1,200-square-feet at the NWC of Chandler Heights & Gilbert Rd., Chandler.  Bryan Ledbetter represented the Landlord.

RETAIL – NEC PINNACLE PRAK RD., & PIMA RD., SCOTTSDALE
ZELL Commercial Real Estate Services announced that Goochie Goo Garbs, LLC leased 1,200-square-feet at the NEC of Pinnacle Peak Rd., & Pima RD., Scottsdale.  Bryan Ledbetter represented the Landlord.

RETAIL – SEC CENTRAL AVE., & CAMINO ESTRELLA, AVONDALE
ZELL Commercial Real Estate Services announced that Magic Mart leased 1,200-square-feet at the SEC of Central Ave., & Camino Estrella, Avondale.  Donna Reece represented the Landlord.

RETAIL – NEC 7^th ST. & MISSOURI AVE, PHOENIX
ZELL Commercial Real Estate Services announced that Pure Barre leased 1,085-square feet at CinemaPark at the NEC of 7^th ST. & Missouri Ave., Phoenix.  Dena Zell represented the Tenant and Donna Reece the landlord.

RETAIL – 3135 S. 48^th ST., TEMPE
Michael Gaida has leased 1,020-square-feet to Daniele Lubarsky with Lubarsky-Ford PLLC.  The property is located at 3135 S. 48^th Street in Tempe.  SVN Desert Commercial Advisors represented the tenant in the lease transaction.

RETAIL – 1152 N. POWER RD., MESA
Beau Flahart and Paul Borgesen III have leased 964-square-feet of retail space to Enrique Siqueiros with AZ Goodfellas Barbershop.  SVN Desert Commercial Advisors represented the landlord in the transaction. The property is in the Red Mountain Plaza, located at 1152 N. Power Rd. in Mesa.

AT&T has announced that it invested about $350 million in its Arizona wireless and wired networks from  2013-2015 to upgrade reliability, coverage, speed and overall performance for residents and businesses.

The improvements, including new cell sites, LTE upgrades and more network capacity, also enhanced critical services that support public safety.

“We’re committed to providing our customers fast, reliable, highly secure connectivity,” said Jerry Fuentes, AT&T president of Arizona and New Mexico. “We want them to be able to access the internet at any moment, from almost any device and from anywhere.”

Notable network enhancements in 2015 included upgrading AT&T’s network for the Super Bowl in Glendale. AT&T tripled the LTE capacity for the Distributed Antenna System or DAS at University of Phoenix Stadium, brought in 10 portable cell towers and upgraded or installed 13 new DAS at hotels, sports arenas, convention centers and other venues.

In 2016, AT&T plans to give customers the ability to access and stream DIREC-TV video services over a wired or wireless internet connection from any provider and from virtually any device. These services will not require annual contracts, satellite dishes or set-top boxes.

AT&T’s Wi-Fi network has more than 40,000 hot spots at popular restaurants, hotels, bookstores and retailers.

The gold and copper mining company Freeport-McMoRan Inc. announced that it has sold its interest in copper and cobalt projects in the Democratic Republic of Congo for $2.65 billion in cash to Chinese mining company China Molybdenum.

Freeport McMoRan is also in negotiations with the Chinese firm over the sale of Freeport’s stake in the Kokkola Cobalt Refinery in Finland for $100 million and the Kisanfu Exploration project in the Democratic Republic of Congo for $50 million.

The sale continued their substantial effort to cut costs and sell assets in order to reduce its long-term debt that totaled nearly $20 billion at the end of 2015.

The Phoenix-based Freeport-McMoRan has sold more than $4 billion in assets since the beginning of 2016 in an effort to level its balance sheet. In February, a 13% stake in the Morenci mine in Arizona was sold to Sumitomo for $1 billion. The second major sale was a Serbian copper mine to Lundin Mining for $263 million.

Shares of Freeport-McMoRan Inc. (NYSE:FCX) have fallen 54 percent over the past year.