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Commercial Real Estate & Business News – June 19, 2024

Construction Begins on Shorehaven, 1st Phase of $1.8 Billion South Pier Project

Construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master planned development on the southern shore of Tempe Town Lake, one of Arizona’s top tourist destinations. Located at 1306 East Vista Del Lago Dr, the development will feature entertainment…»

Seattle company repurposes former DEA building in midtown Phoenix into multifamily units

When Dan Duffus and his team geared up to bid on a parcel of land that was home to an office building that was occupied at the time by the Drug Enforcement Administration, the large parking lot next to the building was the real prize. Seattle-based Soltrust Residential REIT, then-known as Blueprint Capital REIT...»

Churchill Owner Aims to Build 325-Foot Tower and Market in Downtown Phoenix

A planned high-rise tower in downtown Phoenix could bring a neighborhood market and a new restaurant from the operator of The Churchill. Kell Duncan, founder of The Churchill, the downtown Phoenix restaurant, bar and retail venue made of shipping containers, bought the building at Central Avenue and Garfield Street …»

Mesa and Tempe To Decide on Streetcar Extension in Early 2025

The Mesa and Tempe city councils are expected to decide by early next year whether to move ahead with streetcar expansion, Valley Metro told Axios. Why it matters: Rail — though expensive and often controversial — can move more people quicker and with less environmental impact than private vehicles.…»

What States Send Most New Residents to Maricopa County and Pima County?

Migration plays an important part in the overall health and development of states. In Arizona, Maricopa and Pima counties serve as key areas of interest due to their significant population centers. Maricopa County, the primary county of the Phoenix Metropolitan Statistical Area (MSA), and Pima County…»