Commercial Real Estate & Business News – December 1, 2020

Deals for 2 Game-changing Projects Could Redefine Both Sides of Valley
Just a week apart in late September, a pair of groundbreaking sports, recreation and entertainment projects were announced on opposite sides of the Valley. In the West Valley, Glendale was chosen as the site for a one-of-a-kind attraction, as Crystal Lagoons released its plans for an island resort and mixed-use…»
Luxury Residential Community Breaks Ground Next to Scottsdale Resort
PHOENIX – A private, luxury residential community next door to The Phoenician in Scottsdale broke ground last week, according to a press release. Spearheaded by Replay Destinations, Ascent at The Phoenician will feature a variety of condominiums and golf villas at the base of Camelback Mountain…»
Massive CityNorth Project Primed for Phoenix Office, Apartment Development
Nearly 100 acres in north Phoenix near Desert Ridge Marketplace are primed for construction to begin on apartments, office space, a hotel and restaurant. The developer of the CityNorth mixed-use development, Irvine, California-based Crown Realty & Development, has completed infrastructure construction…»
Diversified Partners Announces Major Development at Val Vista and Mercy in Gilbert
Diversified Partners announces a major 11-acre development at Val Vista Drive and Mercy Road in Gilbert, Ariz. The project will include hotel, office, and retail mixed-use. The development is directly south of Dignity’s Mercy Gilbert Hospital and lies in the heart of the Mercy Gilbert medical district…»
Will Snowbirds Still Flock to Arizona Amid Pandemic?
Now is the time when snowbirds flock to the Southwest – and Arizona is a major hot spot for those looking for a warm winter getaway from the harsh weather up north and in the Midwest. Arizona’s sizzling desert turns into a mildly warm winter utopia with beautiful landscapes that make being outdoors…»