News


AC Hotel opens second Valley property; this time in upscale Biltmore area

Phoenix Business Journal

A new AC Hotels by Marriott has opened in Phoenix’s upscale Biltmore area, and it looks to cater to both business and leisure travelers.

The 160-room AC Hotel Phoenix Biltmore is part of the Marriott International (Nasdaq: MAR) brand that has heavy European influences. The property, at 2811 E….Read More »


In an uncertain real estate market, try before you buy

Phoenix Business Journal

Some high-end developers have begun building their marketing plans around a concept meant to get people past that uncertainty: test live in a house or condo before you buy it.

Source: Residential News

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Papago Plaza redevelopment in Scottsdale heads to City Council

Phoenix Business Journal

The city’s Planning Commission recommended approval for the project, across the street from SkySong. Plans submitted to the city call for retail, hotel and residential uses at the site.

Source: Commercial News

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Grand Central Tower sells for $14.7M

Phoenix Business Journal

What: Grand Central Tower, a 20-story, 284,709-square-foot, transit-oriented office tower in Phoenix’s Central Corridor at 3550 N. Central Ave. The tower is 34 percent occupied and includes a 4.4-acre surface parking lot that could be developed with multifamily residential.

Cost: $14.65 million

Buyer: Denver-based Bow River Capital Partners

Seller: Fenway Capital…Read More »


Phoenix firm on track to secure $200M in commercial real estate loans this year

Phoenix Business Journal

October was the company’s second-best month in its history, with nearly $45 million in loans secured.

Source: Commercial News

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Why the housing market is slumping despite a booming economy

Phoenix Business Journal

Home prices have not declined nationally, at least according to the most widely followed indexes. But their rate of increase has declined, and more and more home sellers are finding they must reduce asking prices to find a buyer.

Source: Residential News

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PBJ Cribs: See inside the $4M Arcadia home of Zion & Zion owners — featuring full spa, gym

Phoenix Business Journal

Zion & Zion’s Aric and DuGué Zion have added so many amenities to their Arcadia luxury home that they may never have to leave.

Source: Residential News

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Canadian investor plops down $11M for massive acreage in Surprise

Phoenix Business Journal

Parts of the land slated for residential development are platted for 542 lots in five subdivisions.

Source: Residential News

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Strong apartment demand continues in Valley, latest data shows

Phoenix Business Journal

Continued job growth has bolstered the multifamily market around the Valley, new data shows.

Source: Residential News

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Valley industrial investment strong, data centers fetch high price per foot

Phoenix Business Journal

Click through the gallery to see the highest-priced industrial sales in the Phoenix region so far in 2018. At this point, new construction is keeping up with absorption.

Source: Commercial News

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