Commercial Real Estate & Business News November 6, 2018
Watching Downtown Phoenix’s Comeback from My Front Porch It’s not hard to see the area’s development boom, thanks to all the construction cranes on downtown Phoenix’s skyline. But it was harder to put numbers to downtown’s comeback. Downtown Phoenix’s comeback isn’t just an anecdotal one about construction cranes…» Single-Family Rental Market Sees an Uptick in […]
Commercial Real Estate & Business News November 5, 2018
As the Real Estate Cycle Winds Down, Suburban Office Assets Might Be a Good Bet As this real estate cycle matures, suburban office markets are showing greater promise. They offer more favorable pricing than many urban markets, while at the same time experiencing continued job growth, limited new supply, positive net absorption and in-migration of […]
Commercial Real Estate & Business News November 2, 2018
Construction Begins on Downtown Chandler Mixed-use Development Construction has begun on the first phase of a $57 million mixed-use development in downtown Chandler. The project, called New Square, will be built in two phases. The first phase will include 50,000 square feet of office space, a 110-room Hilton Garden Inn and 9,000 square feet of […]
Commercial Real Estate & Business News November 1, 2018
Tempe Again a Top Office Submarket for Tech Companies After topping the list for rent growth last year, Tempe continues to be a top submarket for tech companies, according to a report this week from CBRE. Between the second quarter of 2016 and the same time in 2018, Tempe experienced a 15.8 percent increase in […]
Commercial Real Estate & Business News October 31, 2018
Happy Halloween! $700 Million Mixed-use Development Proposed Along Downtown Scottsdale Canal Carter Unger’s father, Fred Unger, spent decades acquiring property along the canal in Scottsdale with a dream of developing a second phase to his SouthBridge project at Stetson Drive north of Sixth Avenue, but he passed away in January before the dream could be […]
Commercial Real Estate & Business News October 30, 2018
Chase Tower, Arizona’s Tallest Skyscraper, Sells for $107.5 Million Arizona’s tallest skyscraper – Chase Tower in downtown Phoenix – has sold again. A New York group called Viola Lordsmeer L.P. paid $107.5 million for the 40-story tower, according to public property records. The sellers, a partnership managed by Phoenix-based Wentworth Property Co., bought the building […]