Commercial Real Estate & Business News – September 17, 2020
Maracay Homes Closes on Another 140 Acres in Gilbert Next to Fast-selling CommunityScottsdale-based Maracay Homes has added 140 acres to its Waterston community in Gilbert, where the Scottsdale-based homebuilder just sold its 100th home in four months. Another 150 acres are under contract, which would bring 1,400 homes within the Waterston master-planned community, said Andy…» […]
Commercial Real Estate & Business News – September 16, 2020
Abandoned Peoria Medical Center Gets New Lease on LifeOfficials with the city of Peoria have been frustrated by an abandoned construction project on the north side for years. Until now. First Service Medical LLC paid $3.15 million to buy the land that was originally planned to become the first hospital in Peoria nine years ago, […]
Commercial Real Estate & Business News – September 15, 2020
3,500 Acres in North Phoenix Could be Transformed into Major Employment CorridorThe city of Phoenix and the Arizona State Land Department are aiming to reposition 3,500 acres of desert in north Phoenix for a major future employment corridor that would include a tech campus and mixed-use components. “So much of the state land up north […]
Commercial Real Estate & Business News – September 14, 2020
Axon Buys 73.57 Acres in Scottsdale for $49.1MAxon Enterprise, Inc., was the successful bidder during a public auction of State Trust land at the southeast corner of Hayden Road and Loop 101 in Scottsdale. The 73.57-acre parcel’s final bid price was $49.1million. Axon has been headquartered in Scottsdale since…» Banyan Residential Breaks Ground on Phoenix […]
Commercial Real Estate & Business News – September 11, 2020
#Neverforget Mammoth Mesa Sports Complex No Pipedream, Developer PromisesRandy and Chad Miller have a big sports and entertainment dream for southeast Mesa near Phoenix-Mesa Gateway Airport. At 320 acres, that dream is expansive – but Chad Miller insists it’s not fanciful. It includes two stadiums, 23 soccer fields, eight baseball and softball fields, and an […]
Commercial Real Estate & Business News – September 10, 2020
California Investors Drive Transaction Volumes in ArizonaCalifornia investors are driving transaction volumes in Arizona during the pandemic. California investors typically account for 30% to 40% of transaction volumes in the market, but recently, that number has increased to 50%. While the pandemic has impacted all markets, California investors…» Arizona’s 30-year Outlook: Short-run Trouble, Long-run GrowthThere […]