News


Hawaii buyer purchases Tempe City Center for $20.4 million

Phoenix Business Journal

The parcel includes an 11-story office tower, three one-story office buildings and two, one-story retail buildings on 10.75 acres of land.

Source: Commercial News

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Palatial $13.4M Paradise Valley estate hits market

Phoenix Business Journal

A $13.4 million estate in Paradise Valley — what would be one of the highest-priced homes in the region — has hit the market.

Russ Lyon Sotheby’s International Realty has listed the 15,000-square-foot property that sits on 5 acres at 5837 N. Palo Cristi Road. The house features eight…Read More »


Why apartment developers can't build enough units in metro Phoenix

Phoenix Business Journal

A new report projects a big shortage in units by 2020.

Source: Residential News

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Opendoor's $325M investment could lead to more Valley operations

Phoenix Business Journal

San Francisco-based Opendoor has raised $325 million with plans to expand its online real estate marketplace to 50 cities by 2020.

That could lead to more operations in the company’s Scottsdale office — one of its current 10 markets — as Opendoor said earlier this year it planned to…Read More »


Banner Health to build $150M hospital in Chandler

Phoenix Business Journal

Phoenix-based Banner Health, the state’s largest private employer and health system, plans to build a $150 million hospital in Chandler.

The hospital will be built on the southeast corner of Alma School Road and Loop 202 Santan Freeway, next to the existing Banner Health Center in Chandler. Smith Group…Read More »


EXCLUSIVE: Why Bob Parsons spent $133 million to buy Westgate Entertainment District

Phoenix Business Journal

The growing population in Glendale and the West Valley makes Parsons think there could be a lot of good opportunities ahead

Source: Commercial News

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Conor Commercial launches $45 million Chandler development

Phoenix Business Journal

Construction on the first phase is expected to begin in September 2018 and be completed in September 2019.

Source: Commercial News

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Mesa Tower signs four new leases, one expansion

Phoenix Business Journal

The Mesa Tower, located in Mesa and owned and managed by Los Angeles-based Barker Pacific Group, has finalized leases for more than 33,000 square feet.

BPG said Tuesday more than five companies have finalized leases since the acquisition of the tower in September 2017. The Mesa Tower contains more…Read More »


Bob Parsons' company buys Westgate Entertainment District for $133M

Phoenix Business Journal

Bob Parsons, the billionaire GoDaddy (NYSE: GDDY) founder, is set to be the new owner of Glendale’s Westgate Entertainment District, the West Valley’s sports and entertainment destination, picking up the property for $133 million

Scottsdale-based YAM Properties LLC, founded by Parsons and part of his business conglomerate YAM Worldwide…Read More »


How Trump’s lumber tariffs may have helped increase home prices

Phoenix Business Journal

​Want to better understand what may happen in the United States economy as President Donald Trump pursues his combative trade policies? Look no further than the lumber that goes into many houses in the United States.

Source: Residential News

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