Phoenix
Phoenix Economy Takes Flight
The Valley of the Sun is set for an economic boon next year as the Greater Phoenix Economic Council (GPEC) just announced that it has managed to help more than 30 companies with their expansion plans in the fiscal year ending June 30th.
New Solar Farm to Harness Valley of the Sun
Renewable energy provider sPower has started construction on a new 45-megawatt photovoltaic power station in Florence, Arizona.
Caliber Companies Confident in Phoenix’s Hospitality
The 44th and McDowell Hotel Group, LLC, an affiliate of Caliber Cos., has recently acquired the 4-story, 228-room Holiday Inn Hotel & Suites Phoenix Airport North in Phoenix, AZ.
Phoenix: Valley of the Value-Added Opportunities
A 224-unit apartment community in Phoenix was recently sold for $9.64 million.
White Star Portfolio Shines for Boston-Based Fund
In a market where it is becoming increasingly hard to find Class A, industrial buildings that are located near major thoroughfares, Realty Associates Fund X, LP managed to close on a portfolio consisting of nine such industrial assets.
Sun Devil Stadium’s New Neighbor to Get Sneak Preview
If everything goes as planned for Arizona State University and Catellus Development Corp., a 330-acre tract located east of the Sun Devil Stadium in Tempe could become a thriving community.
Investors Knock at Casa Grande’s Door
The 1.75 million-square-foot PhoenixMart project that broke ground last November in Casa Grande, AZ has started to grab the attention of opportunistic investors such as the Siegel Group Nevada, Inc. Spurred by the area’s rising economy, the firm acquired a 483-unit extended stay property for $8.30 million.
It’s Official: From Tennis Courts to Luxury Guest Rooms
By this time next summer, the Fairmont Scottsdale Princess hotel will have expanded by 102 new guest rooms. The announcement was made official this week by the owners of the hotel, Strategic Hotels & Resorts.
Which City Wins for Tallest Skyscrapers?
According to JLL’s most recent skyline report, this city tops the list of the nation’s tallest and most impressive properties.
Glendale Senior Care Facility to Break Ground
A joint venture formed by Heritage Communities and Phoenix-based Telis Commercial Real Estate will break ground next month for Orchard Pointe at Arrowhead, a $20 million assisted living and memory care community in Glendale, AZ.