Commercial Real Estate & Business News December 23, 2019

Versace Joins High-End Retail Parade at Scottsdale Fashion Square in Arizona Versace is stepping into the shopping scene in Scottsdale, Arizona, along with the well-heeled who flock to Scottsdale Fashion Square, a mall recognized for its collection of luxury retailers. The iconic Italian apparel and accessories brand was started in 1978 by haute couture designer Gianni Versace and is now overseen by his sister,…»
Centerpoint on Mill Acquired by Developer with Big Plans for Downtown Tempe
Two real estate development companies have partnered to buy a major Tempe mixed-use project for $60 million. Wexford Developments and Argosy Real Estate Partners bought Centerpoint on Mill near the northwest corner of Mill Avenue and University Drive from GoDaddy founder Bob Parsons-owned YAM Properties, according to real estate…»
Shea Homes closes on 25.06 acres at Desert Ridge
Shea Homes has purchased approximately 25.06 acres of land located at 56th Street and Deer Valley Road in Phoenix, closing escrow on December 11, 2019. Construction of model homes is slated to begin in the second half of 2020. The new community name will be Talinn at Desert Ridge. The homebuilder plans to build approximately 83 single-family homes during…»
Health and Wellness Emerges A Top CRE Trend
Health and wellness have become a top trend in the commercial real estate industry. Viewed as an exciting growth category for the many new concepts and innovation coming out of the asset class that was once considered one of the most traditional fields, Meghann Martindale, global head of retail research at CBRE, tells Health and…»
Here’s How Strong the Phoenix Housing Market Looks
A fifth straight month of shrinking inventory year-over-year triggered several November records in the 11-year history of the RE/MAX National Housing Report: fewest Days on Market at 49, fewest Months Supply of Inventory at 3.3, and the highest Median Sales Price at $257,000. But what does that mean for the Phoenix housing market…»