News


Office leasing heating up around Sky Harbor Airport, report says

Phoenix Business Journal

The vacancy rate in that submarket dropped nearly 10 percent in 2018, but remains higher than the Valley’s average.

Source: Commercial News

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Scottsdale homebuilder taps former Sen. Jeff Flake as board member

Phoenix Business Journal

In making the move, the homebuilder has increased its total number of board seats from seven to eight.

Source: Residential News

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High-end Valley property nabs $14M at auction

Phoenix Business Journal

Several high-dollar residential real estate properties in the Valley went under the gavel late last week, including a property that once was on the market for $35 million. Read more on the backstory of the auction here.

That property, Villa Paradiso, a nearly 31,000-square-foot Paradise Valley mansion drew a…Read More »


High-profile Clarendon Hotel in midtown Phoenix changes hands

Phoenix Business Journal

One of midtown Phoenix’s most celebrated hotels has a new group of owners following a multimillion-dollar deal.

Source: Commercial News

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Phoenix home prices surging at staggering rate, market data shows

Phoenix Business Journal

Only one market in the country is seeing its home prices appreciate faster than in the Phoenix area. Experts weigh in on how rising prices in the existing home market bodes well for developers.

Source: Residential News

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Deals of the week: Valley office complex, retail space change hands

Phoenix Business Journal

The West 101 Corporate Center, a 81,922-square-foot, Class A office building located at 1860 N. 95th Lane in Phoenix, sold for $8.5 million.

Ryan Spiekerman and Adam Feldman of Phoenix-based Helix Properties LLC, on behalf of Next Gen 101 LLC, a single-entity controlled by Helix ,bought the property…Read More »


Wealthiest ZIP Codes: Valley home prices still highest in suburban areas

Phoenix Business Journal

The Phoenix metro has plenty of wealth, and it’s accumulated in the region’s suburbs. Along with the high incomes, those suburbs also have some of the highest-priced homes in the region.

Source: Residential News

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Behind the deal: 2-year bankruptcy fight makes way for development in Desert Ridge

Phoenix Business Journal

Development on 96.5 acres of land owned by Crown Realty & Development will begin this year following a court ruling that opened up the land.

Source: Commercial News

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Editor's Pick: Homes coming to vacant land near you

Phoenix Business Journal

If you want to know where homes are heading in the Valley, experts say don’t look at building permits, look at who is buying land and where they’re buying it.

Source: Residential News

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Phoenix commercial construction company names new president

Phoenix Business Journal

Justin Newman, who joined Hardison/Downey Construction Inc. as vice president and chief operating officer last year, was named president of the commercial construction firm to replace Pat Downey, co-founder and previous president, who is nearing retirement.

Downey founded the company in 1985 with Bob Hardison, who retired in…Read More »


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