Commercial Real Estate & Business News – January 11, 2021

New Build Will Transform the Phoenix Skyline
The Phoenix skyline is getting an upgrade. Aspirant Development has acquired a two-acre land site in Downtown Phoenix with plans to develop the tallest building in Arizona. Aspirant Development purchased the property from Desert Troon for $9.2 million in an off-market deal…»
VanTrust Real Estate Completes Construction on 118,000 SF Chandler Corporate Center II
VanTrust Real Estate has completed construction on Phase II, a 118,000-square-foot office building in less than a year. Located on 12 acres at 4100 W. Chandler Blvd, in the heart of a thriving and growing business center in the southeast valley, the two-story building VanTrust development…»
City to Consider Developer for Long Dormant Site
Another major downtown project, Transition 17, is expected to come before Council this month for consideration of a memorandum of understanding with developer Mira Vista Holdings. Jeff McVay, manager of downtown transformation, said the agreement is an important first step…»
Investors Hungry for Multifamily Deals in Metro Phoenix
With an appetite for Phoenix’s hot market, out-of-state investors ended 2020 with a slew of big apartment purchases. Because housing is a necessity, multifamily will always be a secure investment, said Linda Fritz-Salazar, vice president and associate broker for Orion Investment Real Estate in Scottsdale…»
Phoenix Rising FC Believes New Stadium Will Bring Improved Fan, Player Experience
Phoenix Rising FC hopes 2021 is about more than just improved play on the field. The organization said it is committed to a better fan experience, too. A club that advanced to the USL Championship in 2020 – before it was canceled because multiple Tampa Bay players tested positive…»