Phoenix
Dam Plan Flows through Approval Process; Luxury Apartments for Elevation Chandler Site
By Alex Girda, Associate Editor A $98 million investment is about to be made in Maricopa County and this project really needs to hold water. The Maricopa County Board of Supervisors recently passed a plan for a 10-year rehabilitation initiative of [...]…
Continue reading →Real Estate Deals Ring Encouraging Bells in Q2
By Alex Girda, Associate Editor The multifamily sector has ensured Phoenix’s real estate maintains an encouraging profile as figures for Q2 of 2011 outpace those of the first quarter. According to the Phoenix Business Journal, sales that had multifamily as the [...]…
Continue reading →Wrigleyville West Completion Postponed
By Alex Girda, Associate Editor Healthcare Trust of America Inc. has been very active with its purchases recently. Its newest target was the Phoenix area. Its acquisition of Desert Ridge Medical Campus near the Mayo Clinic has extended the amount of [...]…
Continue reading →Phoenix Gearing up Retail and Office Markets with Major Deal in Scottsdale and Amazon’s planned expansion
By Alex Girda, Associate Editor The largest commercial transaction in recent memory was perfected in Scottsdale when the Promenade traded hands from its unnamed seller to Excel Trust Inc. The seller was represented by Lucescu Realty, with the announcement of the [...]…
Continue reading →Office Activity Sets Bar High, Will Housing Follow?
By Alex Girda, Associate Editor Parkway Properties has just expanded its portfolio after buying a nautical-design building on the south bank of Tempe Town Lake, The Phoenix Business Journal reports. Hayden Ferry Lakeside I was purchased for $39.4 million. According to [...]…
Continue reading →$2.6 Billion Solar Power Initiative Would Provide Energy to 28 States
By Alex Girda, Associate Editor According to the Phoenix Business Journal, 547,000 square feet of office space was returned to the original developer after Mainspring Capital Group acquired eight buildings at the Pima Center in Scottsdale. The company built the 209-acre [...]…
Continue reading →Westgate Center Scrambling to Avoid Foreclosure; Pool Fence Program Reaching Milestone
By Alex Girda, Associate Editor Glendale’s Westgate City Center is facing foreclosure according to several reports that have popped up in real estate news. The Phoenix Business Journal’s coverage on the matter mentions the fact that the two companies that own [...]…
Continue reading →Chicago Cubs Select Phoenix for Spring Training Facility; Gray Development Plans Luxury Apartments
By Alex Girda, Associate Editor It’s been an average week for Phoenix real estate news, as there was no major development news or massive deal discussed in the press dedicated to the sector, but that doesn’t mean that there wasn’t anything [...]…
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