Here are the news articles you might find interesting today for commercial real estate and business:
JV Breaks Ground on 402-Unit MF Project Rockefeller Group and Investment Property Associates LLC broke ground Feb. 8 on the first of two phases of a 402-unit Class A multifamily property. Dubbed Liv Northgate, the development is part of Rockefeller Group’s 155-acre, missed-use North Gateway master planned development. View article…
Sam Fox opens latest eatery in Phoenix Restaurant tycoon Sam Fox is at again, and this time he’s turned an old motorcycle garage into a hip, new hangout in north central Phoenix. Located on Seventh Street near Bethany Home Road, Culinary Dropout at the Yard is Fox’s 18th restaurant to open in the Valley. View article…
Burmister building, formerly Prescott Plaza, undergoes major remodeling The Burmister building at 120 W. Gurley St., recently known as Prescott Plaza, is undergoing major remodeling. The building’s new owner, Cliff Petrovsky of Prescott, hired Prescott building contractor Thomas Carson to do a major makeover of the building. It dates to the early 1900s and was connected at one time to the Bashford Courts building, which he also owns. View article…
Someburros expands into Flagstaff Chandler-based Mexican restaurant Someburros is bringing its south of the border offerings to Northern Arizona by opening in Flagstaff in May. It’s the chain’s first location outside the Phoenix area. View article…
HOUSING:
Phoenix among top cities for home ownership Phoenix ranks No. 7 on the list of Top 10 cities for home ownership, according to NerdWallet. The California-based financial information Website cites Phoenix’s below average cost of living and moderate median income as factors in its ranking. Fort Worth, Texas topped the list, followed by Charlotte, N.C. and San Antonio. View article…
Builders in Phoenix buy property for subdivisions Developers and homebuilders in metropolitan Phoenix are scrambling to buy property for dozens of new subdivisions. The Arizona Republic reports that new home building rose 71 percent in 2012 over 2011 and that the number of available lots is dwindling. The land rush is further evidence that metro Phoenix’s homebuilding industry is recovering from its devastating six-year slump. View article…