A new CBRE survey finds a wide disconnect on pricing expectations between buyers and sellers as a consequence of the COVID-19 pandemic that is weighing on commercial real estate investment activity. The…
Lee & Associates announced the recent sale of 246 East Watkins Street, a single-story, 27,060 square foot, industrial warehouse building located within an Opportunity Zone in Phoenix. Originally constructed in…
The long, hot summer of 2020 just added to the misery index in Arizona. The state has managed to still move forward with many new developments, and the pace of…
The median home sale price increased 14% year over year to $319,769—the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The 14% jump was the…
Russ Lyon Sotheby’s International Realty, Arizona’s leader in luxury real estate, announced the $24.1 million closing of what is now an Arizona record for the highest residential sale in the state.…
Upon the termination or expiration of a commercial lease, the tenant surrenders the leased spaced to the landlord. With the uptick in commercial tenants terminating their leases and vacating leased…
McCarthy Building Companies recently completed the new Emergency Department (ED) at Banner Boswell Medical Center, located at 10401 W. Thunderbird Blvd. in Sun City, Ariz. The new ED began seeing patients on Tuesday,…
A successful property tax appeal of new construction can reduce a property’s tax liability over the property’s life due to Arizona’s “Rule B” ratio. *** County assessors throughout Arizona have…
Jackson-Shaw, LaPour Partners, and JLL announced the sale of Parc Germann, a new 224,471-square-foot, two-building urban industrial development in Chandler, Arizona, to TA Realty LLC. Situated on 16 acres in…
Drexler Enterprises Inc., a Phoenix-based investment company, has sold a 12.26-acre development site, located at the northwest corner of Loop 202 and Baseline near Laveen for $2,220,503. The buyer was LGP…
Atlanta-based multifamily real estate, investment, and management company Cortland Partners made its largest complex purchase in Arizona, acquiring the 408-unit Metropointe Apartments in south Tempe for $96.75 million, according to…
Arizona’s tallest precast parking structure is now complete, bringing more than 2,000 new parking spaces to midtown Phoenix to support the Park Central revitalization. The new 10-story, $33.5 million, 551,750-square-foot…
