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Medical office building sets Valley price record
News 3 months ago
Medical office building sets Valley price record

Spectrum Medical Commons, a 43,355-square-foot Class A medical office building adjacent to Mercy Gilbert Medical Center, sold for $17.75 million....

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Valley apartment rental increases cause affordability concerns
News 3 months ago
Valley apartment rental increases cause affordability concerns

While apartment rental rates in metro Phoenix seem like a bargain with other markets - especially California - they continue to outpace the nation,...

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Esplanade tower fetches $60 million in sale
News 3 months ago
Esplanade tower fetches $60 million in sale

Camelback Esplanade III, a 218,387-square-foot,10-story office building at 24th Street and Camelback Road, sold for $60.25 million. Transwestern...

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Kyle Kennedy takes top Arizona job with Bell Bank
News 3 months ago
Kyle Kennedy takes top Arizona job with Bell Bank

A seasoned bank executive has taken the top job with a fast-growing North Dakota financial services player that has big expansion plans in the...

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Praedium Group acquires 2 new multifamily properties
News 3 months ago
Praedium Group acquires 2 new multifamily properties

The Praedium Group, a New York City-based real estate investment firm, has recently acquired two brand-new, multifamily properties in the southeast...

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Ballard Spahr names new Phoenix managing attorney
News 3 months ago
Ballard Spahr names new Phoenix managing attorney

Ballard Spahr's Phoenix office has picked a new managing attorney. Stephen Savage, a well-known business and transactions lawyer, will serve as the...

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Blink Fitness eyes Phoenix for expansion
News 3 months ago
Blink Fitness eyes Phoenix for expansion

Blink Fitness is eyeing the Phoenix market and could invest upwards of $18 million into the area over the next few years. While there are a number...

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Court dismisses part of attorney general's ASU hotel lawsuit
News 3 months ago
Court dismisses part of attorney general's ASU hotel lawsuit

A case against the Arizona Board of Regents filed by the Arizona Attorney General alleging the board violated the state's gift clause will continue...

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WeWork: the ‘hypothetical’ company at the heart of the property market
News 3 months ago
WeWork: the ‘hypothetical’ company at the heart of the property market

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

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Demand for office, industrial space outpaces supply in Phoenix
News 3 months ago
Demand for office, industrial space outpaces supply in Phoenix

Phoenix was one of the hardest hit markets during the last recession, in part because of overbuilding. But, as the Valley's economy has recovered,...

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Morrison Ranch selects final 4 homebuilders
News 3 months ago
Morrison Ranch selects final 4 homebuilders

The Morrison family has selected four homebuilders to work on the final 119-acre community in the family's 2,000-acre Morrison Ranch master-planned...

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3rd Ave Investments sells Valley apartment property
News 3 months ago
3rd Ave Investments sells Valley apartment property

Zev Hendeles has been busy buying multifamily apartments in metro Phoenix, with plans to buy 600 more by the end of the year. But when a good deal...

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$1 billion Google data center coming to Mesa
News 3 months ago
$1 billion Google data center coming to Mesa

Mesa City Council is expected to approve a deal Monday that would allow Google Inc. to build a $1 billion data center in the Southeast Valley. The...

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Arizona 'opportunity' centers around transportation
News 3 months ago
Arizona 'opportunity' centers around transportation

For better or worse, opportunity zones abound in the Valley. When Conor Commercial Real Estate and Globe Corp. broke ground on a $33 million...

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Dan Lupien with Palmer Development Co. shares thoughts on opportunity zones
News 3 months ago
Dan Lupien with Palmer Development Co. shares thoughts on opportunity zones

Dan Lupien, principal with Palmer Development, is behind many of the major mixed-use projects under construction within the Salt River Pima...

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The unintended consequences of opportunity zone investments
News 3 months ago
The unintended consequences of opportunity zone investments

The Tax Cuts and Jobs Act has created a section of the tax code that allows taxpayers to take advantage of a new investment vehicle called...

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Obon opens second Scottsdale location
News 3 months ago
Obon opens second Scottsdale location

Tucson-based Fukushu Restaurant Concepts on Thursday opened its second Obon Sushi + Bar + Ramen in the Phoenix area, and third overall. The company...

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Huge commerce park planned near Loop 202 extension
News 3 months ago
Huge commerce park planned near Loop 202 extension

Trammell Crow Co. will build a 700,000-square-foot commerce park along the South Mountain extension of the Loop 202 on the Gila River Indian...

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Blackstone buys Valley apartments from Bridge Investment Group
News 3 months ago
Blackstone buys Valley apartments from Bridge Investment Group

Blackstone Group LP paid $77.5 million for a 480-unit apartment community in Phoenix, according to Vizzda real estate database. The seller in the...

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Phoenix opportunity zones sale prices trending upward
News 3 months ago
Phoenix opportunity zones sale prices trending upward

More than 15% of the Phoenix area's commercial property assets are located in qualified opportunity zones, more than the national average of nearly...

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Several parcels sold along Grand Avenue for live-work space
News 3 months ago
Several parcels sold along Grand Avenue for live-work space

A land sale could pave the way for a new live-work space coming to the rapidly developing Grand Avenue neighborhood. Four parcels of land were sold...

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Indochino relocates to Scottsdale Fashion Square
News 3 months ago
Indochino relocates to Scottsdale Fashion Square

Custom-suit maker Indochino is relocating its Scottsdale Quarter store just down the road to competing shopping center Scottsdale Fashion Square....

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20-acre East Valley mixed-use project proposed
News 4 months ago
20-acre East Valley mixed-use project proposed

VanTrust Real Estate LLC has plans for a 20-acre mixed-use site in Chandler, planned for Chandler Boulevard and Price Road, across from Chandler...

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Valley office redevelopment project sells for $46M
News 4 months ago
Valley office redevelopment project sells for $46M

The Circuit, a Tempe creative office project that recently underwent a $14 million redevelopment, sold for $46 million. EverWest Real Estate...

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Bookstores find growth as ‘anchors of authenticity’
News 4 months ago
Bookstores find growth as ‘anchors of authenticity’

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

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West Valley Sprouts distribution center fetches $17.5M
News 4 months ago
West Valley Sprouts distribution center fetches $17.5M

A 128,929-square-foot cold-storage and distribution center in Glendale occupied by Sprouts Farmers Market sold for $17.4 million, according to real...

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29th Street Capital acquires Avondale property
News 4 months ago
29th Street Capital acquires Avondale property

San Francisco-based 29th Street Capital has acquired its 13th property in metro Phoenix. The privately held real estate investment and advisory...

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How new rent laws in N.Y. help all tenants
News 4 months ago
How new rent laws in N.Y. help all tenants

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

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Finding True North: Ambitious developer redefines Roosevelt Row
News 4 months ago
Finding True North: Ambitious developer redefines Roosevelt Row

Jonathon Vento, principal of True North Studio, is behind the historic preservation of the Pemberton House, which will be used as an event venue....

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Third time's the charm for Store Capital founder
News 4 months ago
Third time's the charm for Store Capital founder

Chris Volk is a risk-taker who has launched three financial services companies and taken each one public. But he also manages those risks by...

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