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Office Market Activity Sparks Up, Multifamily Luxury Market Records Encouraging Deal

Office Market Activity Sparks Up, Multifamily Luxury Market Records Encouraging Deal

By Alex Girda, Associate Editor It’s time for large deals again in the Phoenix market as two of the city’s best Class A high rises commanded one of the larger prices in 2011’s transaction history. The trade also includes a parking [...]…

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Princess Receives Meeting Space Fit for a King; City Tentatively Expanding the Sonoran Preserve

Princess Receives Meeting Space Fit for a King; City Tentatively Expanding the Sonoran Preserve

By Alex Girda, Associate Editor A major expansion will be undertaken by one of the Phoenix Metro area’s largest resorts. The Fairmont Scottsdale Princess is set to receive a regal makeover that would add a whopping 52,000 square feet to it, [...]…

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Abandonment Issues Hit Winter Drive Hopefuls; ACA Spending Big Bucks on New Home

Abandonment Issues Hit Winter Drive Hopefuls; ACA Spending Big Bucks on New Home

By Alex Girda, Associate Editor After an almost two-decade long initiative, Winter Drive in Phoenix is set to undergo the final steps to receive “private” designation. Actually, the short street running east from 16th Street south of Northern Ave. dead ends [...]…

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Phoenix Spends an Encouraging Amount of Money on New Homes in 2010, Census Bureau Shows

Phoenix Spends an Encouraging Amount of Money on New Homes in 2010, Census Bureau Shows

By Alex Girda, Associate Editor Even though it’s been one of the markets most affected by the recession, metro Phoenix has seen a somewhat unexpected upturn in the amount of houses needed to accommodate potential buyers. Information from the U.S. Census [...]…

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Multifamily and Office Deals Ramp up Activity in Metro Phoenix

Multifamily and Office Deals Ramp up Activity in Metro Phoenix

By Alex Girda, Associate Editor Cole Real Estate Investments has made yet another major move in the Phoenix-area real estate market with its recent large property purchase. The object of the transaction is the corporate headquarters campus of PetSmart Inc. and [...]…

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Dam Plan Flows through Approval Process; Luxury Apartments for Elevation Chandler Site

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 [...]…

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Real Estate Deals Ring Encouraging Bells in Q2

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 [...]…

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Wrigleyville West Completion Postponed

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 [...]…

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Phoenix Gearing up Retail and Office Markets with Major Deal in Scottsdale and Amazon’s planned expansion

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 [...]…

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Office Activity Sets Bar High, Will Housing Follow?

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 [...]…

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$2.6 Billion Solar Power Initiative Would Provide Energy to 28 States

$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 [...]…

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Westgate Center Scrambling to Avoid Foreclosure; Pool Fence Program Reaching Milestone

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 [...]…

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