Real Estate

By Angela Gonzales | Phoenix Business Journal Scottsdale-based Cullum Homes sold a record-breaking, customized home to be built at Seven Desert Mountain in north Scottsdale. Parcel 19,

Mayor Corey Woods has been authorized to undertake negotiations to buy Food City Plaza, a 7.2-acre property at 1811-1859 N. Scottsdale Road, on the southeastern

Credit: BRR Architecture, Inc./City of Tolleson By Roland Murphy | AZBEX Developer West77 Partners plans to build a four-story, 126-room extended stay hotel at the SEC of

By Steven Sarabia | AZ Family The Town of Superior is in the works to buy 546 acres of Tonto National Forest land for about $2 million. “For a small town to navigate federal policy, it’s not always easy,” Superior Mayor

By Angela Gonzales | Phoenix Business Journal A Florida homebuilder is making its Arizona debut with the purchase of nearly 300 lots on opposite ends of metro Phoenix. Dream

By Jodie Newell | Casa Grande Dispatch CASA GRANDE — The city is considering a partnership with affordable housing provider Gorman & Company, with the possibility of some apartments

By J. Graber | Scottsdale Independent The number of short-term rentals could triple in Scottsdale with the passage of House Bill 2720, allowing for accessory dwelling units (ADUs) on properties with single family homes. The bill

By Kyle Backer | AZ Big Media Industrial development in Greater Phoenix has seen an impressive growth streak in recent years, with an unprecedented amount of investment coming to the Valley. Other sectors,

By InBusiness Phoenix For the second year, the NAIOP Research Foundation has published the NAIOP Market Monitor, which evaluates office and industrial real estate markets using a two-dimensional analysis based on a

By Monica D. Spencer | InMaricopa A fun new business is springing for Maricopa. Maricopa Chief Strategy Officer Rick Horst last night announced Elevate Trampoline Parkwill build a location at the

By Angela Gonzales | Phoenix Business Journal Houston-based Hines is developing its first Arizona master-planned community in the West Valley. On July 12, Hines paid $8.88 million

By NAHB Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June

By Audrey Jensen | Phoenix Business Journal Seven years after Aldi proposed a regional office and distribution center in Goodyear along the Loop 303 corridor, signs of life have appeared

Photo courtesy of Harvard Investments By AZRE Harvard Investments closed on land sales to a homebuilder and multifamily developer who plan to construct single-family residences and build-to-rent units, respectively, in the growing,

By NAHB Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder sentiment. Builder confidence in the market for newly

By Audrey Jensen | Phoenix Business Journal Development of industrial space has started to hit the brakes in metro Phoenix. The second quarter saw about 9 million square feet

By Will Parker | Wall Street Journal Eviction filings over the past year in a half-dozen cities and surrounding metropolitan areas are up 35% or more compared with pre-2020