Phoenix
Condos May Rise on Medical Office Parcel; Simon Nears Deal on Site for Outlet Mall
By Alex Girda, Associate Editor
The current site of a medical office building near the Paradise Valley Mall may be transformed into a multi-family development. Cachet Homes is eyeing a 4.5-acre parcel at 4232 East Cactus Road for a 200-unit condominium […]
Kimco, TriGate Capital Buy Retail Assets
By Alex Girda, Associate Editor
Making its initial foray into the Phoenix metropolitan market, TriGate Capital has recently completed the $26.8 million acquisition of a six-property retail portfolio, a Cassidy Turley BRE Commercial press statement shows. Ranging in size from 40,000 […]
Whitestone REIT Pays $29M for Scottscale Retail Center
By Alex Girda, Associate Editor
In a $28.8 million deal, Westwood Financial Corp. has sold a 113,000-square-foot community center in Scottsdale to Houston-based Whitestone REIT, the Phoenix Business Journal reported. For Whitestone, the deal marked the REIT’s seventh acquisition in the […]
Mayo Clinic Breaks Ground on $183M Cancer Treatment Center
By Alex Girda, Associate Editor
The Mayo Clinic has broken ground on a $183 million cutting-edge cancer treatment center in Northeast Phoenix, the Arizona Republic reports. The facility is one of a pair planned by the medical institution, along with a […]
Dick’s Picks Goodyear for $40M Distribution Center
By Alex Girda, Associate Editor
Dick’s Sporting Goods is set to kick off construction this month on a $40 million distribution center in the Phoenix suburb of Goodyear. The giant retailer is building a 600,000 square-foot warehouse at the PV303 business park. […]
Summit Condos Trade Up; City Looks to End CityNorth Development Contract
By Alex Girda, Associate Editor
Summit at Copper Square recently moved 74 of its unsold condos. The units traded for the average amount of $171,000 after initially being listed between $300,000 and $1.2 million. The per-unit amount brings the transaction total […]
Tempe Landmark Will Be Given A New Life After 14 Years of Disuse
By Alex Girda, Associate Editor
One of Tempe’s most troubled landmarks is getting a much-needed makeover after 14 years of abandon. The Hayden Flour Mill is one of the area’s iconic images and it is finally going to capitalize on the […]
Massive Office Campus Set to Arrive; Westgate Finds New Management
By Alex Girda, Associate Editor
An 844,000 square-foot office park is coming to Phoenix on a 24-acre site located at the corner of Chandler Boulevard and Loop 101. The massive development, tentatively dubbed Chandler 101 is the work of architecture firm […]
University Athletic Facilities District Created; Multifamily Market Very Much Alive
By Alex Girda, Associate Editor
Phoenix is well underway to become one of the most sport-centric cities in the U.S. Maricopa County recently voted in favor of creating a special revenue district that will aid Arizona State in the development of […]
Construction Jobs on the Rise; Anchor Centre Stuck in Redevelopment Purgatory
By Alex Girda, Associate Editor
Not long ago the U.S. Census Bureau revealed that Phoenix is one of the cities that has been building a fair amount of houses over the past decade. So it’s not surprising that the Associated General […]