Commercial Real Estate & Business News – April 2, 2014
Deco Communities Venture Developing Luxury Residential Tower In Scottsdale A venture formed by Deco Communities LLC in Scottsdale (Rob Lyles, Patricia Watts, Dan Richards, principals) plans to develop a 8-story residential tower in Old Town Scottsdale that will have 90 for sale condominium units. The planned project, called Envy, is being developed in a joint […]
Commercial Real Estate & Business News – April 1, 2014
Phoenix Residential Foreclosure Inventory Plummets Foreclosure inventory throughout metro Phoenix plunged by roughly 56 percent year-over-year in January, according to a new report by CoreLogic. The 0.59 percent foreclosure rate – meaning the percentage of mortgaged homes in some stage of the foreclosure process – was also substantially lower than the 1.97 percent national average […]
Commercial Real Estate & Business News – March 31, 2014
W.P. Carey Spends $43.1 Million For Chandler Building Leased To QBE Insurance W.P. Carey Inc. in New York City, N.Y. (NYSE:WPC) has expanded its holdings in the Valley by spending $43.1 million ($235.52 per foot) to acquire a 183,000-square-foot office property at 2700 W. Frye Road in Chandler. The seller was HR Frye LLC, a […]
Commercial Real Estate & Business News – March 28, 2014
Target’s Closure Likely Ends Major Retail At Chandler Mall Visitors once could get their hair styled, pick up paintball accessories, buy furniture or even get a new friend at a store that sold exotic birds at East Valley Mall. At the heart of it all, driving traffic to the strip center on the northwestern corner […]
Commercial Real Estate & Business News – March 27, 2014
Loop 303 Drives Housing Development In Northwest Valley Loop 303 will open up the West Valley for a new generation of housing. The highway connects Interstate 10 near Cotton Lane in the south to I-17 about 2 miles south of Carefree Highway in the north. Crews are finishing the southernmost interchange. Because of this, new […]
Commercial Real Estate & Business News – March 26, 2014
Renovations At Busy Uptown Plaza In Phoenix Could Push Out Small Retailers A major face-lift is planned for Uptown Plaza, the AJ’s Fine Foods-anchored shopping center in central Phoenix at the bustling intersection of Camelback Road and Central Ave. But some mom-and-pop shops that make up the majority of the Plaza’s tenant mix fear they’re […]