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JLL buys East Valley industrial complex
News 2 days ago
JLL buys East Valley industrial complex

JLL Income Property Trust has bought the Chandler Distribution Center, a 211,000-square-foot industrial complex, for $31 million. The distribution...

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Novel Coworking CEO Bill Bennett's private investment group buys Gilbert office complex
News 2 days ago
Novel Coworking CEO Bill Bennett's private investment group buys Gilbert office complex

Novel Coworking owns two buildings in Phoenix and is always looking for expansion opportunities. However, this Gilbert building will not have a...

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My View: Redefining the Arizonan and American shopping center
News 2 days ago
My View: Redefining the Arizonan and American shopping center

Shopping centers can and will thrive in the "Age of Amazon" as long as they continue to innovate. That word has been our guidepost since our...

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SkySong, Park Central co-developer names new CEO
News 2 days ago
SkySong, Park Central co-developer names new CEO

Holualoa Cos., the Tucson-based co-developer of SkySong and Park Central Mall, has named Richard Kauffman as its new CEO, effective Dec. 1....

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Demolition underway at Papago Plaza, redevelopment on Scottsdale site includes hotel, residential components
News 3 days ago
Demolition underway at Papago Plaza, redevelopment on Scottsdale site includes hotel, residential components

The extensive redevelopment project includes hotel, residential, restaurant, retail and grocery components — and several existing tenants will move...

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The week in Valley bankruptcies: Kamdek Properties LLC
News 3 days ago
The week in Valley bankruptcies: Kamdek Properties LLC

Phoenix area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended November...

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Wells Fargo sells Mesa banking office
News 3 days ago
Wells Fargo sells Mesa banking office

What: A Wells Fargo & Co. banking office Location: The center of the historical district of downtown Mesa at 305 E. Main St. Size: 50,018 square...

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Chicago investors buy Roosevelt Row apartments, plan second phase
News 3 days ago
Chicago investors buy Roosevelt Row apartments, plan second phase

The second phase will be a mixed-use building with ground floor retail and restaurant space, the new owners told the Business Journal....

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Parking lots, once asphalt wasteland, become golden opportunities
News 4 days ago
Parking lots, once asphalt wasteland, become golden opportunities

As more suburbanites move downtown, developers are seeking new land for housing and offices, creating opportunities for owners of empty parking...

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Ritchie Bros. to auction 3,200 construction equipment items in Phoenix
News 4 days ago
Ritchie Bros. to auction 3,200 construction equipment items in Phoenix

Ritchie Bros. Auctioneers Inc. will put more than 3,200 construction equipment items and trucks on the block at its largest-ever auction in Phoenix...

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Senators grill U.S. military chiefs over private housing ‘slumlords’ on bases
News 4 days ago
Senators grill U.S. military chiefs over private housing ‘slumlords’ on bases

WASHINGTON – Lawmakers grilled military branch heads Tuesday over poor living conditions in military housing complexes managed by private companies...

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Scottsdale City Council set to discuss SouthBridge 2 project
News 5 days ago
Scottsdale City Council set to discuss SouthBridge 2 project

SouthBridge 2.0, a planned mixed-use development along the Scottsdale canal proposed by Spring Creek Development will go before City Council on Dec...

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California industrial developer continues Phoenix-area building spree
News 5 days ago
California industrial developer continues Phoenix-area building spree

Majestic Realty Co. has closed on 30 acres of land near Loop 202 in southwest Phoenix where it plans to build a commerce park totaling more than...

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Arizona AG Gift Clause suit against ABOR dismissed over statute of limitations
News 6 days ago
Arizona AG Gift Clause suit against ABOR dismissed over statute of limitations

The Arizona Attorney General's claim that the Arizona Board of Regents violated the state constitution's "Gift Clause" through its real estate deal...

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Wanted: Office developers to settle in the wild, wild West (Valley)
News 1 week ago
Wanted: Office developers to settle in the wild, wild West (Valley)

Venn Construction Managing Partner Nick Veldman, left, and Vice President for Project Development Stephanie Fogelson at the site of a new West...

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Largest Phoenix-Area Title Companies
News 1 week ago
Largest Phoenix-Area Title Companies

Surveyed list ranked by total number of 2018 Maricopa County insurable transactions, less seconds. Other information points include number of local...

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Largest Phoenix-Area Commercial Real Estate Developers
News 1 week ago
Largest Phoenix-Area Commercial Real Estate Developers

Surveyed list ranked by total square footage developed for local buildings started or completed in 2018. Other information points include total...

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East Valley shopping center fetches $18.2 million
News 1 week ago
East Valley shopping center fetches $18.2 million

What: Lakeview Village at Morrison Ranch, a 93,741-square-foot retail center at the southeast corner of Higley and Elliot roads in Gilbert. Leasing...

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Scottsdale building contractor on nationwide shopping spree, acquires slew of companies
News 1 week ago
Scottsdale building contractor on nationwide shopping spree, acquires slew of companies

The company has announced acquisitions of eight businesses around the country, all in the past 60 days. This account isn't linked to a paid Phoenix...

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Chandler commercial building subcontractor adds business partner, buys back business
News 1 week ago
Chandler commercial building subcontractor adds business partner, buys back business

The Chandler commercial construction services company had been previously sold to private equity concerns, but the original owner has recently...

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Charles Schwab to move headquarters out of San Francisco to another state
News 1 week ago
Charles Schwab to move headquarters out of San Francisco to another state

Charles Schwab Corp. will move its headquarters from San Francisco to the Dallas area. The move was announced Monday as part of Schwab's...

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Editor's pick: Suburbs rule for new office complexes
News 1 week ago
Editor's pick: Suburbs rule for new office complexes

While people have highlighted a trend of companies moving to urban cores, the trend in the Valley and elsewhere seem to be pointing in the other...

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WeWork confirms 2,400 layoffs as company's restructuring effort continues
News 2 weeks ago
WeWork confirms 2,400 layoffs as company's restructuring effort continues

WeWork has laid off 2,400 of its approximately 12,500 employees. The New York-based company, whose core business is office and flexible workspace...

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Phoenix developer plans West Valley industrial park
News 2 weeks ago
Phoenix developer plans West Valley industrial park

Construction on the project - with three buildings - will begin in the first quarter of 2020. Filled with "must read" stories, industry news and...

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Valley Partnership project benefits New Pathways for Youth
News 2 weeks ago
Valley Partnership project benefits New Pathways for Youth

Valley Partnership, an advocacy group for responsible development, held its annual community project on Nov. 2, drawing more than 275 volunteers to...

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PBJ Suites: Elevation Home Energy's Chandler office brings feeling of home to work
News 2 weeks ago
PBJ Suites: Elevation Home Energy's Chandler office brings feeling of home to work

The office in Chandler was designed to feel like the "elevated home," which is the company's goal in working with its customers. Take a video tour...

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Camelback office building sold for $54.5 million
News 2 weeks ago
Camelback office building sold for $54.5 million

Building sold: 3900 Camelback Center, a 177,520-square-foot Class A office building in the Camelback corridor. Seller: Ryan Cos., which also was...

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$59 million loan secured to finance Camelback-area office building acquisition
News 2 weeks ago
$59 million loan secured to finance Camelback-area office building acquisition

NXT Capital, a Chicago-based commercial finance firm, closed on a $59.4 million loan to finance the acquisition of Esplanade III, which was...

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Sam Fox, developer lower proposed height of new Phoenix hotel, office project
News 2 weeks ago
Sam Fox, developer lower proposed height of new Phoenix hotel, office project

Phoenix City Council approved a $300 million mixed-use project Wednesday, but only after the team behind the development agreed to lower the height...

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Revoked Nike Goodyear incentive aimed to close gap with competitor city, documents show
News 2 weeks ago
Revoked Nike Goodyear incentive aimed to close gap with competitor city, documents show

A city in Idaho was the closest competitor to Goodyear for Nike's prized manufacturing plant, so local and Arizona officials explored key...

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