News


Record $18M home sale in April tops month's priciest buys

Phoenix Business Journal

Another month, another record-setting home sale in the Valley.

April saw the priciest home sale ever at $18.8 million for a 21,000-square-foot Silverleaf home sold by Kevin Knight of Knight-Swift Transportation Holdings Inc., the Valley and state’s largest trucking firm.

The home never hit the market, and as a result…Read More »


Digging into the design and renovation goals for LDS Church’s Mesa Arizona Temple project

Phoenix Business Journal

Modernizing air-conditioning in a 75,000-square-foot building built decades before the widespread adoption of central air, cleaning up and restoring murals, terracotta tiles and decorative flooring and enhancing garden areas are top goals for the two-year renovation project for the Church of Jesus Christ of Latter-Day Saints’ Mesa…Read More »


Speculative industrial space moves forward in Gilbert

Phoenix Business Journal

New speculative industrial space is moving forward in Gilbert.

SunCorp Property Group is constructing Gilbert Spectrum Building One at the southwest corner of Elliot and McQueen roads. The industrial building will be 134,358 square feet of space divisible to 15,000 square feet.

Nearly a quarter of the building already is…Read More »


Executive Inc.: Mortenson's Ben Goetter braves the heat to build the Valley (Video)

Phoenix Business Journal

The Wisconsin native is bringing a new perspective to work at Mortenson.

Source: Commercial News

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EXCLUSIVE: LA investor gobbling up apartments in metro Phoenix

Phoenix Business Journal

This LA investor has no limit to how much he’ll spend in Phoenix

Source: Residential News

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LDS Church outlines Mesa Arizona Temple renovations, closure impacts big Christmas, Easter events

Phoenix Business Journal

The Church of Jesus Christ of Latter-day Saints will close its Mesa Temple May 19 and it won’t reopen until 2020 following major renovations.

The closure will mean no Christmas lights or Easter pageants at the Mesa Temple during the lengthy construction project.

Roc Arnett, Phoenix director of public affairs…Read More »


Apartments or offices? Chase Tower speculation begins

Phoenix Business Journal

Could apartments be coming to Arizona’s tallest building?

That’s a possibility for the nearly 40-story Chase Tower in downtown Phoenix following a recent $79 million sale, a source told the Phoenix Business Journal this past week.

Of course, it could just as well remain an office building. The new owners…Read More »


Zillow: This is the most popular neighborhood in Phoenix

Phoenix Business Journal

Camelback East is Phoenix’s most popular neighborhood.

KTAR.com reports on a recent analysis by real estate group Zillow that pegged Phoenix’s most popular neighborhood as Camelback East, which runs from Papago Park to the Phoenix Mountains Preserve. Zillow analyzed page views per home listing for neighborhoods in different markets…Read More »


Chase Field, D-backs deal: Omelet or cracked eggs?

Phoenix Business Journal

Arizona Diamondbacks Managing Partner Ken Kendrick likes the result of the Maricopa County Board of Supervisors vote approving a resolution of a $185 million battle over repairs at Chase Field.

Clint Hickman doesn’t.

Hickman was the sole no vote Wednesday when the county board approved the deal which has the…Read More »


Why Goldman Sachs is turning its $2B acquisition eye to real estate in Phoenix

Phoenix Business Journal

This investor just paid $95M for an apartment complex near ASU

Source: Commercial News

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