Real Estate

By Audrey Jensen | Phoenix Business Journal Phoenix-based Vestar, a national retail developer, was the sole bidder and winner on Wednesday of the Desert Ridge Marketplace property in north Phoenix. 

By Scott Shumaker | East Valley Tribune Opposition to high-density residential projects is common in Mesa, but usually the protests come from neighboring residents – not

By AZRE Award-winning real estate development firm, Optima, announced today plans to move ahead with its next Arizona residential development, Optima McDowell Mountain Village, in North Scottsdale after receiving the city’s approval for the $1 billion sustainable mixed-use

By Real Estate Daily News PHOENIX, ARIZ. (Dec. 20, 2022) – Liv Communities, a seasoned provider of luxury apartment homes, recently broke ground on a ground-breaking 55+ age- qualified rental community in the Norterra

By NAHB Single-family housing starts continued to fall in November, with the pace of construction down 32% since February when mortgage rates began to rise. The housing market continues to weaken because stubbornly

By Roland Murphy | AZBEX Developer Geddes Capital Resources, LLC is proposing Roosevelt Commons – a new master planned project on a 15.6-acre site at the SEC of Verrado Way and Roosevelt

By Independent NewsmediaTranswestern Development Company will break ground on a 333-unit multifamily community at Tempe’s Novus Innovation Corridor on the Arizona State University Tempe campus

By Catherine Reagor, Kunle Falayi | Arizona Republic Metro Phoenix’s red-hot housing market abruptly started slowing in the summer and in most neighborhoods quickly shifted

In their latest vision released this year for 27 acres of vacant land at University and Mesa drives, city officials saw a multi-use development with

By Sam Kmack | Arizona Republic Half of Tempe renters are stretching their paychecks to keep a roof over their heads, according to a new city-commissioned report. It shows Tempe’s occupied rental

By Vincent Salandro | Builder High mortgage rates, elevated construction costs, and falling consumer demand due to deteriorating affordability conditions have dragged down builder sentiment every month in 2022. Builder confidence

By Brenda Richardson | Forbes The housing market is sending clearer signals that historically low mortgage rates and the home-buying frenzy have come to an end. As we

By Angela Gonzales | Phoenix Business Journal The fun and exciting times of a super hot residential real estate market in metro Phoenix ended in 2022. The market went from white hot, to red hot to cooled

By Jay Taylor | InMaricopa The Heritage District will become home to a small, multi-family residential project following Planning & Zoning Commission approvals Monday. The

By Gabriela Rico | Arizona Daily Star As investors continue to snap up existing apartment complexes around town, several developers are creating new dwellings by converting hotels, offices and even churches into living

By Scott Shumaker | East Valley Tribune Mesa City Council staff has given its blessing on a proposal to purchase the 70-room Grand Hotel at 6733 E. Main Street near

“We’ve left the state better than we found it,” he said in an interview, asked about his tenure. As Gov. Doug Ducey prepares to transfer

(Cody Boone/Serhant.Studios) At the top of the list of the world’s most expensive homes for sale, is the Central Park Tower penthouse which, coincidentally, sits

By Vincent Salandro | Builder PulteGroup has fired incoming chief operating officer Brandon Jones days after the Pulte family filed a civil complaint against Jones, alleging harassment and defamation of the company’s

The 574-unit Apartments at Honeycutt project was approved by Planning & Zoning Monday. It will be the largest multi-family community in the city. [City of

By AZRE Mosaic and Atlantic Jasper have broken ground on The Flats at Jasper, a new build-to-rent (BTR) community within the nationally-recognized Jasper master planned community in Prescott Valley, Arizona. Atlantic Jasper, developer of

By Audrey Jensen | Phoenix Business Journal The city of Phoenix gave the green light to a development agreement fora new office complex and company headquarters on Wednesday with no public discussion on the item. 

By MacKenzie Brower | YourValley A final decision on Mockingbird Lane improvements has been put off again after an extensive discussion at Paradise Valley Town Council’s meeting Dec. 8. One