Commercial Real Estate & Business News April 9, 2019
Developer Starts Work on Building Nearly 4,000 Homes in West Valley Brookfield Residential Arizona broke ground April 4 on its 1,130-acre master-planned community that will have 3,695 single-family homes in the West Valley. Called Alamar, the community is north of the Sierra Estrella Mountains at Avondale and Broadway boulevards in Avondale. Plans call for building 461 […]
Commercial Real Estate & Business News April 8, 2019
Arizona Center in Downtown Phoenix $25M Makeover, Two New Towers The 30-year-old office, shopping and restaurant development has a new look, new tenants and soon will have a new boutique high-rise hotel and an apartment tower underway. Owners of the 1 million-square-foot development at Third and Van Buren streets just spent $25 million to open and […]
Commercial Real Estate & Business News April 5, 2019
The Top 10 Cities for CRE InvestmentInvestors are consistently turning to real estate as a stable haven for their investment dollars. What may be surprising is that the top investment locales for 2019 are not gateway cities, according to real estate tech marketing firm SetSchedule’s new housing report. It identifies 10 cities as the top […]
Commercial Real Estate & Business News April 3, 2019
Barker Pacific Group Acquires Phoenix’s City SquareIn a joint venture with Iron Point Partners, LLC, Barker Pacific Group (BPG) has acquired City Square, a three-building, 736,809 SF Class A office complex in Phoenix, Arizona. Offering panoramic views of the Phoenix Skyline and Camelback Mountain, the project is among the major Class A office properties on […]
Commercial Real Estate & Business News April 2, 2019
High-Rises Proposed For Downtown Phoenix Transit HubA major bus hub and light rail stop in downtown Phoenix could be getting a major makeover. The 2.564-acre city-owned site at Central Avenue and Van Buren Street is home to Central Station. It was appraised at $12,286,000 in October 2017. Now, a developer, Medistar, wants to build two […]
Commercial Real Estate & Business News April 1, 2019
West Valley Lags in Office Development but Primed for GrowthFor decades, the East Valley has been dominant over the West Valley in spec office building, but experts say they are seeing that changing, and Loop 101 will be the key to its growth. According to a report from JLL, a property consultancy company, the southeast […]