Once a haven for college kids, Tempe’s Mill Avenue is changing again
Tempe’s Mill Avenue was once defined by its mom-and-pop shops, then evolved into a hot spot for bar hoppers. Its latest transformation divides those with ties to the iconic downtown. City leaders and business owners are spearheading the change, one that some say rings in a more mature sophistication, but critics call an inauthentic copy of Old Town Scottsdale. The debate centers on how Tempe sees itself and in defining what it wants to be. It’s a classic tale of urban renewal. Many longtime residents favor the gritty realness of Mill Avenue’s…»
Fed Rate Cut Back in Play as Economic Uncertainty Deepens
Just days after ruling out a December interest-rate cut, JPMorgan Chase chief U.S. economist Michael Feroli has changed his outlook again, reflecting how murky the economic picture has become heading into the final Federal Reserve meeting of the year. Feroli had initially expected the Federal Open Market Committee to lower its benchmark rate in December. But following a pullback in 10-year Treasury yields and mixed signals on job growth and inflation, he told Bloomberg the Fed would likely stand pat until early 2026, possibly cutting rates in January…»
Downtown Phoenix apartment complex sells for $77 million
A 332-unit apartment complex in downtown Phoenix has sold for $77 million. Camden Copper Square Apartments was acquired by ColRich, a San Diego-based real estate and investment firm, according to a Nov. 20 announcement. The seller, commercial real estate service and investment group Camden Property Trust was represented by CBRE. The multifamily gated complex is at 901 E. Van Buren St. It has two parking structures, two swimming pools, barbecue grills and seating, an outdoor lounge, indoor coworking spaces, a 24-hour fitness…»
Strive Pharmacy leases 223,000-square-foot Mesa facility to boost production capacity
Strive Pharmacy has scooped up a huge lease in Mesa for its new headquarters. Strive, a compounding pharmacy founded in Gilbert in 2018, will take over a full building in the Hub @ 202 complex in Mesa. The 223,442-square-foot space will exponentially expand Strive’s manufacturing capacity, while the company also plans to expand the building into a 350,000-square-foot headquarters facility that will also house office space for the firm’s rapidly growing staff…»
What’s that new tower near Roosevelt Row in downtown Phoenix?
Location: 777 N. Central Ave., on the southwest corner of McKinley Street in downtown Phoenix. Description: A new apartment tower called Ray Phoenix is under construction near Roosevelt Row. VeLa Development Partners, a Connecticut-based real estate developer, and Ray, an investment firm that supports multifamily projects, are partnering to build the 26-story high-rise that will include 401 apartments. When complete, the building will sit about a block away…»