News


New CEO of Phoenix homebuilder offers muted response to SEC subpoena

Phoenix Business Journal

The company’s longtime leader stepped down from the C-Suite amid an investigation by the SEC regarding securities trading.

Source: Residential News

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Apple boosts land holdings to more than 7,000 acres

Phoenix Business Journal

Apple has almost tripled the amount of land it owns over the past two years, as the company makes purchases of vast tracts across the US for data centers and solar farms that can also help secure lucrative tax breaks.

Source: Commercial News

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CEO steps down after SEC subpoenas Phoenix homebuilder

Phoenix Business Journal

Joseph Stegmayer has stepped down as chairman, president and CEO of Phoenix-based Cavco Industries Inc. (Nasdaq: CVCO) following a subpoena from the U.S. Securities and Exchange Commission.

Stegmayer stepped down after an internal investigation, conducted by independent legal counsel, identified violations of company policy related to securities trading activities…Read More »


Native American communities urge developers to focus on economic diversity, sustainability

Phoenix Business Journal

Connecting investors to tribal communities may help bolster economic sustainability and build capacity on reservations, officials said Thursday at a conference in Phoenix.

Source: Commercial News

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Salt Lake City firm scoops up 51-acre land parcel in Phoenix

Phoenix Business Journal

The state-owned land was purchased through a 1031 exchange, where investors sell off one property and use the proceeds to buy another while deferring all of their tax liability in the process.

Source: Commercial News

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How data drove Amazon toward two new HQs

Phoenix Business Journal

The tech giant is expected to opt for both New York and Washington for its HQ2 operations after gathering an intelligence ‘gold mine.’

Source: Commercial News

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Scottsdale builder debuts Amazon Alexa smart homes in Mesa

Phoenix Business Journal

The Alexa technology will debut in 53 homes in the project, with five homes already sold at this week’s grand opening.

Source: Residential News

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California industrial developer plans buildings in Phoenix, Mesa

Phoenix Business Journal

The Tolleson complex, called the Majestic Tolleson Center, will be built on 19 acres west of 83rd Avenue south of Van Buren Street.

Source: Commercial News

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With 15,000 multifamily units being built in the Valley, is a correction looming?

Phoenix Business Journal

Industry watchers are seriously pondering one question: How long will the housing boom last this time?

Source: Residential News

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Former high-profile fund manager to auction off huge Scottsdale estate

Phoenix Business Journal

Peter Lynch, former manager of the Magellan Fund at Fidelity Investments, has turned to an online auction platform to sell his 14,000-square-foot residence in Scottsdale.

Lynch has secured the services of New York-based Concierge Auctions, which, in cooperation with Julie Rohr of Walt Danley Realty, will auction off the…Read More »


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