Arizona’s Home Foreclosure Rate Plunges
Arizona’s foreclosure rate in October was cut in half from where it was a year earlier and the state had the second-biggest year-over-year drop in the nation behind only California, according to CoreLogic’s latest foreclosure report on Monday… Read more
CityNorth In North Phoenix Reviving Under New Ownership
The new owners of CityCenter of CityNorth, a mixed-use development near Desert Ridge in northeast Phoenix, say they’re attracting new tenants, filling vacancies and improving the property. They say they’re on their way to fulfilling promises of a luxury shopping and dining destination… Read more
Meritage Homes Building 255-lot Community in North Phoenix
Meritage Homes of Arizona Inc. in Scottsdale (Fred Hermann, division pres.) plans to build 255 residences located within a planned community in north Phoenix called Canyon Crossroads. The property is located south of Carefree Highway, east of North Valley Parkway and just west of 27th Avenue. Meritage will buy finished lots from JEN Partners in New York City, N.Y… Read more
Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park
Liberty Property Trust has broken ground on the first building at Liberty Center at Rio Salado, a 1 million-square-foot business park in Tempe and the REIT’s largest project to date in Arizona. Scheduled for completion in mid-2014, the speculative two-story project at… Read more
JLL Sees 20% Rise in Retail Sector Investments
With retail properties accounting for 19% of total US investment sales volume year-to-date, Jones Lang LaSalle is predicting a 20% increase in transaction volume next year, GlobeSt.com has learned exclusively. The firm made its predictions Monday during a presentation at the ICSC… Read more