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California industrial investor ramps up Phoenix presence
News 19 hours ago
California industrial investor ramps up Phoenix presence

CapRock Partners, a Southern California-based industrial real estate developer and investor, is ramping up its presence in the Valley. The company...

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New high-rise apartment tower opens in downtown Phoenix
News 1 day ago
New high-rise apartment tower opens in downtown Phoenix

A new apartment tower has opened in downtown Phoenix. The Stewart, an $80 million multifamily project at Central Avenue and McKinley Street,...

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​US department store slowdown intensifies retail concerns
News 2 days ago
​US department store slowdown intensifies retail concerns

Editor's note: This story is available as a result of a content partnership with the Financial Times. Subscribers will see stories like this every...

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Central Phoenix swimming pool store to be transformed into restaurant, retail space
News 2 days ago
Central Phoenix swimming pool store to be transformed into restaurant, retail space

The buildings on the site at 16th Street and Bethany Home Road will be repurposed, with a New York pizza restaurant already inking a lease to open...

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Phoenix electric contractor announces new executive team
News 2 days ago
Phoenix electric contractor announces new executive team

The company's former president, who retired in January, chose the new members of the leadership group....

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Trammell Crow buys land for potential office development in Scottsdale
News 3 days ago
Trammell Crow buys land for potential office development in Scottsdale

Trammell Crow Co. has purchased 8.24 acres at Raintree Drive and 87th Street in Scottsdale, one of the last remaining vacant parcels in the...

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The List: Contractors getting into the building boom, but plenty of challenges remain
News 5 days ago
The List: Contractors getting into the building boom, but plenty of challenges remain

Construction is booming again in the Phoenix metro, and some of the biggest beneficiaries of its revival are commercial contractors installing the...

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Meow Wolf raises over $150M for expansion projects, including Phoenix
News 6 days ago
Meow Wolf raises over $150M for expansion projects, including Phoenix

New Mexico art collective Meow Wolf, which is eyeing an expansion into Arizona, has closed its largest funding round to date. A recent Form D filed...

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Why Charles Schwab says company's HQ could head for a low-cost market like Phoenix
News 6 days ago
Why Charles Schwab says company's HQ could head for a low-cost market like Phoenix

The founder and chairman of Charles Schwab said he's "not sure" whether the company's headquarters will remain in San Francisco. This account isn't...

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Developer plans two West Valley industrial projects
News 6 days ago
Developer plans two West Valley industrial projects

Both projects will start construction this quarter and will be delivered by the end of the year. Developer plans two West Valley industrial projects

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I.M. Pei, a master whose buildings dazzled the world, is dead at 102
News 6 days ago
I.M. Pei, a master whose buildings dazzled the world, is dead at 102

​I.M. Pei, who began his long career designing buildings for a New York real estate developer and ended it as one of the most revered architects in...

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​‘No match’ notices roil industries that rely on workers in the country illegally
News 6 days ago
​‘No match’ notices roil industries that rely on workers in the country illegally

The Social Security Administration has mailed “no-match letters” to more than 570,000 employers since March, sending shock waves through the...

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Largest Phoenix-Area Commercial Building Contractors
News 6 days ago
Largest Phoenix-Area Commercial Building Contractors

Surveyed list ranked by 2018 billings for buildings built in Arizona. Additional information points include 2018 billings for buildings built in...

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Construction begins on opportunity zone industrial project in Phoenix
News 1 week ago
Construction begins on opportunity zone industrial project in Phoenix

Funding from the project will come from the capital gains from another building the two companies sold....

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Industrial real estate firm making big moves in key Phoenix submarkets
News 1 week ago
Industrial real estate firm making big moves in key Phoenix submarkets

California-based Prologis Inc. has been busy as it recently closed on two major deals in the past week around the Valley — including one that will...

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​WeWork to buy co-founder’s property stakes with new $2.9bn fund
News 1 week ago
​WeWork to buy co-founder’s property stakes with new $2.9bn fund

WeWork’s parent company will buy out the stakes of its co-founder Adam Neumann in buildings where the shared office space provider is also a tenant...

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Female-led land investment firm buys first parcel in West Valley
News 1 week ago
Female-led land investment firm buys first parcel in West Valley

The new venture is set up to allow smaller investment groups to access premier parcels....

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Cambria hotel in downtown Phoenix 'tops out,' starting a flurry of activity for developer
News 1 week ago
Cambria hotel in downtown Phoenix 'tops out,' starting a flurry of activity for developer

Heart of the House Hospitality announced that it has acquired Trillium Hospitality, including Trillium's Phoenix operations. All associates in the...

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Data centers add diversity to industrial growth in West Valley, expert says
News 1 week ago
Data centers add diversity to industrial growth in West Valley, expert says

More than 1,000 acres of land are expected to be purchased for the development of data centers in the West Valley by the end of 2019....

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Brokers selected for office portion of massive north Phoenix development
News 1 week ago
Brokers selected for office portion of massive north Phoenix development

Developers of a planned massive mixed-use development in north Phoenix near Desert Ridge Marketplace have selected three brokers from CBRE to lease...

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Multifamily developers still hesitant on opportunity zone deals
News 1 week ago
Multifamily developers still hesitant on opportunity zone deals

Opportunity zones likely require new development instead of rehabilitating old buildings, experts said. Filled with "must read" stories, industry...

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Optimism remains strong among Phoenix commercial real estate industry
News 2 weeks ago
Optimism remains strong among Phoenix commercial real estate industry

CRE industry members have a positive outlook for the next 12 months in the Valley — but that optimism is slightly more muted than six months ago....

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Mesa office complex nears lease capacity
News 2 weeks ago
Mesa office complex nears lease capacity

The Waypoint office development, an office complex with 426,000 square feet of Class A space, is nearing leasing capacity after a major technology...

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How accounting changes for CRE leases will affect Phoenix tenants, real estate market
News 2 weeks ago
How accounting changes for CRE leases will affect Phoenix tenants, real estate market

The change will affect private companies starting at the end of this year, focusing on leases greater than 12 months....

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Seeking an edge, developers and investors turn to ‘proptech’
News 2 weeks ago
Seeking an edge, developers and investors turn to ‘proptech’

“Proptech” is a hot buzzword in commercial real estate, as developers and investors seek an edge in buying, selling and managing their properties....

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Interest-only loan rise fuels fears of return to mass defaults
News 2 weeks ago
Interest-only loan rise fuels fears of return to mass defaults

This account isn't linked to a paid Phoenix Business Journal subscription. Filled with "must read" stories, industry news and reporter insights,...

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Is conference room air making you dumber?
News 2 weeks ago
Is conference room air making you dumber?

Filled with "must read" stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists....

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Scottsdale developer eyes $200M in Valley opportunity zone projects
News 2 weeks ago
Scottsdale developer eyes $200M in Valley opportunity zone projects

A Newport Beach, California-based commercial real estate investment and advisory services firm has secured $17.6 million in opportunity zone...

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Signature water feature called 'crowning jewel' of Tempe office project nears completion
News 2 weeks ago
Signature water feature called 'crowning jewel' of Tempe office project nears completion

Construction is ongoing at the Grand at Papago Park Center, which will be home to more than 3 million square feet of office space upon completion....

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$26 million industrial park planned in Avondale
News 3 weeks ago
$26 million industrial park planned in Avondale

The developers have plans for a two-building, Class A distribution center in the southwest Valley city. Filled with "must read" stories, industry...

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