Macerich has sold Paradise Valley Mall, a 1.2 million-square-foot shopping center in Phoenix, for $126,500,000 to a joint venture of RED Development and an affiliate, according to the commercial real…
Award-winning, Scottsdale-based Rosewood Homes has closed escrow and will immediately commence development for two luxury home neighborhoods within the new Storyrock community in north Scottsdale. Scottsdale’s new 462-acre Storyrock community…
A new report from a leading Arizona economist finds that the state’s economic development prospects would brighten if policymakers made the commercial property tax more competitive. An analysis of tax…
KB Homes bought 277 lots in Casa Grande for $6,535,000, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southwest corner of…
Located in the Sonoran Desert on an expanse of rugged Arizona landscape, Sheraton Grand at Wild Horse Pass (5594 W. Wild Horse Pass Blvd., Phoenix, AZ) recently completed the first…
Rents are on the rise across the country, and that’s a positive indicator for the industry and the economy at large, reports Yardi Matrix. Multifamily rents increased by 0.6% on a year-over-year…
Leading commercial real estate firm Lincoln Property Company (LPC) has announced the $68 million sale of a five-building industrial portfolio, representing 540,039 square feet of multi-tenant, fully leased infill space in key locations…
CBRE announced the $27 million sale of a 145,872-square-foot FedEx last-mile distribution center in Tempe, Ariz., to Realterm, a Maryland-based logistics real estate firm. The property is 100 percent occupied…
Newmark Knight Frank (“Newmark”) announced it has arranged a lease on behalf of OnePointOne, a Silicon Valley-based developer of vertical indoor farming, at Avondale 107, a large industrial development in…
Housing prices across the Valley exploded last year even as the area lost tens of thousands of jobs due to the COVID-19 pandemic. That trend shows no sign of slowing,…
Red Hawk Development has awarded Scottsdale-based Venn Construction to build the 48,000 sq. ft Red Hawk Garage Suites in North Phoenix on Happy Valley and 19th Ave. Scheduled to break…
Taylor Morrison, the nation’s fifth largest homebuilder and developer based in Scottsdale, bought 17 lots in North Phoenix for $2,858,095, according to the commercial real estate tracking website Vizzda. The cost of the…
