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Housing Trust Group debuts luxury Arizona community

Posted by   /  October 20, 2017  /  Real Estate  /  No Comments

Aviva, located in the Phoenix suburb of Mesa, Ariz., will feature 325 one-, two- and three-bedroom units. The $63 million project will welcome its first residents in January 2018, and Mark-Taylor will handle leasing. By IvyLee Rosario | Multi-Housing News Housing Trust Group completed its latest luxury apartment community, Aviva, located in the Phoenix suburb […]

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Abrazo Health announces closure of Maryvale Campus facility

Posted by   /  October 19, 2017  /  Real Estate  /  No Comments

AZBigMedia Abrazo Community Health Network announced today that it is closing Abrazo Maryvale Campus, effective Dec. 18, 2017. Abrazo Maryvale has been reducing services and was realigned as a satellite facility of Abrazo West Campus in May 2017. “Over the past several years Abrazo Maryvale has experienced a significant decline in community demand for its […]

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Park Central Mall purchase closes, renovation plans unveiled

Posted by   /  October 19, 2017  /  Real Estate  /  No Comments

AzBigMedia Plaza Companies and Holualoa Companies have completed the purchase of a significant portion of the iconic Park Central Mall in Phoenix, and have unveiled plans for renovation of the property. The overall price of the purchase and expected renovations is approximately $57 million, and construction work will begin on the transformation effort in the coming weeks. The new ownership group is […]

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Drawing the line at 49

Posted by   /  October 18, 2017  /  Real Estate  /  No Comments

By Devan Sauer | PBJ The 122-year-old Clinton Campbell house was destroyed September 15, signifying the loss of yet another historic home in downtown Phoenix. There are now only 49 homes built in the 19th century in all of Phoenix. “The fewer we have, the more precious they become,” said Michelle Dodds, the City of Phoenix […]

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Phoenix a Top 10 market for new office supply

Posted by   /  October 18, 2017  /  Real Estate  /  No Comments

By Roland Murphy for Arizona Builder’s Exchange It’s no surprise to office renters or investors that the Phoenix-area market is hot. A recent report from CommercialCafé, relying on data from Yardi Matrix and Property Shark, however, shows just how much heat the market has generated over the past decade. The study looked at space in buildings larger than 50KSF in which […]

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Phoenix retail vacancy lowest in 8 years

Posted by   /  October 18, 2017  /  Real Estate  /  No Comments

AZRE Greater Phoenix posted a very strong third quarter in the retail real estate sector, with highest net absorption in several years and vacancy dropping to its lowest level in nearly a decade. Access the full report by Colliers International in Greater Phoenix by clicking Here. Net absorption during third quarter 2017 totaled more than 680,000 square […]

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Phoenix retail vacancy lowest in eight years; home furnishing store expansions signal housing market

Posted by   /  October 17, 2017  /  Real Estate News Briefs  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.)  Home Furnishing Store Expansions Signal Improvement in Housing Phoenix, October  , 2017– Greater Phoenix posted a very strong third quarter in the retail real estate sector, with highest net absorption in several years and vacancy dropping to its lowest level in nearly a […]

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Hearing on Barrister alley set for next Wednesday

Posted by   /  October 16, 2017  /  Real Estate  /  No Comments

By Yasmine Kenney | Downtown Devil A hearing over a potential alley abandonment near the historic Barrister Building will be held at next Wednesday’s city council meeting. The Urban Phoenix Project is challenging a decision from September to abandon the alley for use as part of a Crescent Bay Holdings residential condominium development. Director and President of […]

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Phoenix industrial market on pace for another all-time high

Posted by   /  October 16, 2017  /  Real Estate  /  No Comments

Real Estate Daily News Well-rounded activity could help market surpass absorption record set in 2005 The Phoenix industrial market is on pace to hit an all-time high absorption record, according to the new Q3 Phoenix Industrial Insight report just released by the Phoenix office of JLL. The last peak came in 2005, when the market absorbed 7.9 million […]

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Here’s the latest news in the Phoenix Chinese Cultural Center controversy

Posted by   /  October 16, 2017  /  Real Estate  /  No Comments

By Lynn Trimble | Phoenix New Times After a Scottsdale-based company bought the Chinese Cultural Center site in Phoenix, preservationists have pursued several actions designed to stop its redevelopment — including protests, an online petition, pleas to the Phoenix City Council, and legal action. Although they’ve had some success, including getting a state court to […]

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