July 5, 2018

Facebook holds free small business seminar in downtown Phoenix

By |2018-07-05T13:23:50+00:00July 5th, 2018|

Originally Published By Phoenix Business Journal, July 5, 2018 FACEBOOK IMAGE Facebook is hosting a free program in downtown Phoenix to help small businesses boost growth. Facebook Inc. (NASDAQ: FB) is holding a free program July 9-10 in Phoenix to help small businesses grow and to give more people the digital skills [...]

July 5, 2018

North Phoenix apartment complex fetches $41 million in sale

By |2018-07-05T13:16:40+00:00July 5th, 2018|

Originally Published by Phoenix Business Journal, July 5, 2018 Institutional Property Advisors sold a multifamily property in Phoenix for $41 million. Adobe Ridge, a 224-unit complex built in 2005 at 4545 W. Beardsley Road in Phoenix, was sold for $183,036 per unit, according to information released by Calabasas, California-based IPA. Aukum [...]

June 27, 2018

Park Central can thrive again

By |2018-06-27T15:19:01+00:00June 27th, 2018|

Originally Published By Phoenix Business Journal, June 25, 2018 Rendering of renovations and modernization plans for Park Central Mall in Phoenix Park Central was once a retail jewel in the desert, and it’s poised to become one again. Granted it won’t be a retail mecca. Midtown Phoenix seems to have surpassed [...]

June 27, 2018

Phoenix-Mesa Gateway posts best May, Allegiant increases capacity

By |2018-06-27T15:05:02+00:00June 27th, 2018|

           Originally Published By Phoenix Business Journal, June 25, 2018 PROVIDED BY ALLEGIANT AIR Phoenix-Mesa Gateway Airport, the Valley’s secondary airport, saw the busiest May in its history and its passenger activity has grown for the past eight straight months. A total of 117,290 people traveled through [...]

June 27, 2018

Mesa seeking developers for Falcon Tech Center

By |2018-06-27T14:56:48+00:00June 27th, 2018|

Originally Published By Phoenix Business Journal, June 26, 2018 COURTESY OF THE CITY OF MESA Mesa is seeking a company to lease and develop a technology-oriented business park on 70 acres of city-owned land near Falcon Field Airport. The site, to be called the Falcon Tech Center, is on the southwest [...]

June 20, 2018

Phoenix single-family rents still growing as national prices stabilize

By |2018-06-20T17:01:52+00:00June 20th, 2018|

      Originally Published By Phoenix Business Journal, June 19, 2018 Phoenix had the second highest year-over-year rent price increase at 5.4 percent, just behind Las Vegas.   A decrease in low-end rental growth rates for single-family homes could foreshadow stabilization in rent prices, according to March data released by [...]

June 20, 2018

New owner plans renovations, rebranding at Phoenix apartment complex

By |2018-06-20T16:53:51+00:00June 20th, 2018|

          Originally Published By Phoenix Business Journal, June 19, 2018 Sterling Real Estate Partners acquired Cambridge Court Apartments in Phoenix for $24 million Sterling Real Estate Partners acquired Cambridge Court Apartments in Phoenix, the agency said Tuesday. The acquisition closed Friday. The joint venture between Los Angeles-based [...]

June 20, 2018

This $1B bank merger means more growth for Arizona market

By |2018-06-20T16:39:27+00:00June 20th, 2018|

First Published By Phoenix Business Journal, June 19, 2018 Tulsa, Oklahoma-based BOK Financial Corp. is paying nearly $1 billion to buy Denver-based CoBiz Financial Inc. Both have a presence in Arizona, with BOK (Nasdaq: BOKF) taking 1.3 percent deposit market share in Phoenix and 1 percent deposit market share in Arizona. It has [...]

June 13, 2018

Banner Health to build $150M hospital in Chandler

By |2018-06-13T16:14:28+00:00June 13th, 2018|

Originally Published By Phoenix Business Journal, June 12, 2018 A rendering of a hospital Banner Health plans to build in Chandler Banner Health, the state's largest private employer and health system, plans to build a $150 million hospital in Chandler. The hospital will be on the southeast corner of Alma School [...]

June 13, 2018

Arizona has 13th-best economy in United States, study says

By |2018-06-13T15:35:05+00:00June 13th, 2018|

Originally Published By KTAR.com, June 11, 2018 (Pixabay Photo) PHOENIX — Arizona has the 13th-best state economy in the nation, according to a recent study by a personal finance website. WalletHub ranked the 50 states and the District of Columbia using 28 metrics across three key dimensions: economic activity, economic health and [...]

June 13, 2018

Opendoor’s $325M investment could lead to more Valley operations

By |2018-06-13T15:25:24+00:00June 13th, 2018|

Originally Published By Phoenix Business Journal, June 13, 2018 Opendoor doubled its office space in Scottsdale San Francisco-based Opendoor has raised $325 million with plans to expand its online real estate marketplace to 50 cities by 2020. That could lead to more operations in the company's Scottsdale office — one of [...]

May 30, 2018

3 Reasons to Invest in Class B Assets

By |2018-05-30T18:43:53+00:00May 30th, 2018|

Originally Published By Multi-housing News, May 29, 2018 Jay Eisner, partner and co-founder of LEM Multifamily properties have been a great investment opportunity as rental demand continue to rise, but as the majority of all new supply coming to the market is Class A luxury-style housing, many investors have turned to Class B [...]

May 30, 2018

Mesa’s Riverview Dream on Verge of Coming True

By |2018-05-30T18:37:08+00:00May 30th, 2018|

Orignally published by East Valley Tribune, May 29, 2018 The Chicago Cubs complex in northwest Mesa was never supposed to be just about baseball. When Mesa pitched the proposal to voters in 2010, the city and the Cubs talked about lucrative redevelopment on city land next to the spring-training stadium. Wrigleyville West [...]

May 30, 2018

Phoenix, Buckeye among fastest-growing U.S. cities in 2017

By |2018-05-30T18:18:11+00:00May 30th, 2018|

Originally published by AZ Central  May 30, 2018 WASHINGTON – Two Arizona cities were among the fastest-growing in the nation in 2017, according to population estimates released last week by the Census Bureau. The bureau’s “2017 City/Town Population and Housing Unit Estimates” said Phoenix saw the second-biggest increase among cities in the nation, [...]

May 16, 2018

SFR Investors Are Filling the Pipeline with New Development

By |2018-05-16T12:59:34+00:00May 16th, 2018|

Originally published by National Real Estate Investor May 14, 2018 SFR Investors Are Filling the Pipeline with New Development Developers built more than 36,000 houses for rent in 2017. That’s 6 percent more than the year before and the largest number of “build-to-rent” houses completed in any year for at least [...]

May 16, 2018

Canadian manufacturing company opens facility in Mesa

By |2018-05-16T13:01:25+00:00May 16th, 2018|

Originally published by Phoenix Business Journal May 11, 2018 A Canadian manufacturing company that works with Honeywell International Inc. (NYSE: HON), Axon Enterprise Inc. (Nasdaq: AAXN) and others has invested more than $1 million to open a Mesa manufacturing facility. Eclipse Automation is a customer-focused leading supplier of sustainable custom automated manufacturing equipment for a [...]

May 16, 2018

ASU proposal for downtown Mesa is projected to cost city $70M

By |2018-05-16T12:39:15+00:00May 16th, 2018|

Originally posted by the Arizona Republic May 15, 2018 (Photo: Colwell Shelor/Weddle Gilmore/West 8) The taxpayer cost to build a proposed Arizona State University development in downtown Mesa is estimated to start at $70 million. That is about $100 million less than a similar proposal Mesa voters shot down in 2016, according to [...]

May 10, 2018

Why Goldman Sachs is turning its $2B acquisition eye to real estate in Phoenix

By |2018-05-10T13:15:00+00:00May 10th, 2018|

Originally Posted in Phoenix Business Journal May 10, 2018 New York-based Goldman Sachs Asset Management Private Real Estate paid $95.1 million for a 341-unit apartment complex near Arizona State University in Tempe. While this acquisition marks the company's 16th multifamily investment nationwide — it currently owns 3,948 units — this is [...]

May 10, 2018

Mesa picks a path for Class A development next to Cubs ballpark

By |2018-05-10T13:14:52+00:00May 10th, 2018|

Originally Posted by Phoenix Business Journal May 8, 2018 Enlarge Dave Krumwiede The Mesa City Council voted 7-0 Monday to pick a new Class A development on 28.2 acres of city-owned land next to the Chicago Cubs Sloan Park. Lincoln Property Co. and the Boyer Co. had competing office developments for the land which [...]