Phoenix

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 […]

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 […]

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 […]

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 […]

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 […]

By Alex Girda, Associate Editor
Phoenix real estate news this past week comprised the most diverse of subjects, with both leasing and sales making the headlines.
Probably the most relevant piece of news for the Phoenix area focused on one of the […]

By Alex Girda, Associate Editor
The City of Phoenix is punching its way into real estate market recovery. But all it has landed this week were small jabs. A number of commercial real estate properties were the subject of deals that […]

By Alex Girda, Associate Editor
Phoenix hasn’t exactly been racing out of the recession, but recent headlines point to signs of an escalating market that’s nearing recovery. This is happening with the help of transactions that should reignite interest in the […]

By Alex Girda, Associate Editor
When talking about exciting new real estate developments, Phoenix doesn’t come to mind. The city is currently undergoing a revision of its general development plan, but that’s the most activity the planning committees are getting at […]

By Alex Girda, Associate Editor
Phoenix has struggled to finish big developments that were part of the pre-recession wave in the downtown area. A series of companies have been finding it difficult to complete their goals in the challenging economic climate […]