Back in November, a vigorous bidding war broke out at a state land auction between two Valley hospitals for 48 acres of north Scottsdale land. Phoenix-based Banner Health had been working with the city of Scottsdale earlier in the year on entitlements for the
The Biden administration on Monday announced that it’s reached an agreement with states reliant on the Colorado River to reduce their water usage temporarily in exchange for at least $1 billion in federal funding, a deal that comes after months of
While a Colorado River conservation plan has yet to be approved by the federal government, Gov. Katie Hobbs made two things clear at a news conference Thursday: Arizona will lead the way in the tri-state agreement, and Arizonans need not worry
Large cities have populations of 50,000 or more, based on the May 18 U.S. Census Bureau population estimate release for cities and towns. Population increases in Texas dominated the top 15 fastest-growing large cities in the U.S., with six cities taking spots
The developer of South Pier along Tempe Town Lake has secured a hefty loan to finance the completion of the first phase of the mixed-use project. The multibillion-dollar mixed-use project from developer South Pier Tempe Holdings LLC, an entity of
A portion of the Arizona Mills mall in Tempe, Arizona, will be converted into an indoor pickleball venue by a company called Picklemall in the first of up to 50 locations it wants to open nationwide within the next two years. The Tempe location with 24 pickleball
PHOENIX — Four rural development projects in Arizona are set to receive federal financial assistance to improve infrastructure in state communities, officials announced Monday.The loans and grants will be distributed by the U.S. Department of Agriculture in
TEMPE, AZ–29th Street Capital (29SC) acquired Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ. Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A location. According to a prepared release, the community offers
Federal Reserve officials indicated significant uncertainty over the path forward for monetary policy, minutes from their May 2-3 meeting show. Central bank officials acknowledged a need to keep their options open as they debated whether to keep raising interest
Blackstone Group, touted as the world’s largest real estate investor, remains bullish on retail property despite an uncertain economic outlook for the last half of the year. Stephanie McGowan, a managing director at the private-equity firm, was asked if her company
McBride Cohen Co., Cantor Fitzgerald and Silverstein Propertieshave closed on a $233 million construction loan for the development of the first phase of South Pier at Tempe Town Lake, a large mixed-use master-planned development in Tempe, Ariz., in the Phoenix area. Funding
At the outset of the pandemic, out-of-home entertainment attendance came to a screeching halt, Placer.ai says in a new white paper. Now, more than three years later, movies, restaurants and casinos are welcoming patrons once again. That being said, in comparing 2023 to pre-pandemic
PHOENIX — Six tenants are coming to the PV development at the Paradise Valley Mall site that is slated to open next year. Two Fox Restaurant Concepts eateries, Blanco Cocina + Cantina and Flower Child, will join the lineup at the location near Tatum Boulevard
Arizona and six other Southwest states that rely on water from the Colorado River have agreed to a new usage proposal, the Biden administration announced Monday. Arizona, Colorado, California, Nevada, New Mexico, Utah and Wyoming have submitted the plan to the
From the outside, a Metro Phoenix data center looks like a large, nondescript concrete structure not that different from other industrial buildings. But inside, racks of servers hum along as they provide the infrastructural backbone for the U.S. knowledge economy — one that is
How much money will shoppers save at the cash register if Kroger and Albertsons win regulatory approval to merge? Likely knowing how controversial their proposed mega-deal might be, Kroger executives from the start stressed the takeover will save consumers
PHOENIX (AP) — Alondra Ruiz Vazquez and her husband were comfortable in Periwinkle Mobile Home Park for a decade, feeling lucky to own their mobile home and pay about $450 a month for their lot in a city with spiraling rents. But now they and dozens of other families have
With Tempe residents rejecting a multibillion entertainment district that would have created the new home of the Arizona Coyotes, questions on the NHL team’s future in Arizona are mounting. The Coyotes had zeroed in on a 46-acre site on the northeast corner of Priest Drive and
For potential residents, this project is literally through the roof – with rooftop shade trees, running tracks, swimming pools and stunning views of the surrounding mountains. But on the checklist of things current Scottsdale residents go through
Laura Briscoe’s granola-making operation was experiencing rapid growth in 2018 and she soon found herself needing a larger building in Tempe to operate the business. With the help of a broker, Briscoe in 2019 leased a 3,500-square-foot production, packaging
A Tucson-based developer has major plans for the former Foothills Mall, which has begun demolition near Ina Road and La Cholla Boulevard in the northern part of Tucson. The Bourn Cos. had owned the mall in the early 1990s and at the time revamped it
Attracted by the industry’s resiliency and long-term growth potential, real estate companies continue to expand into the industrial sector, despite the recent downtick in demand and investment activity. By diversifying their portfolios and tapping into
As the dust settles from a traditionally busy spring in the Phoenix area, made busier by Super Bowl LVII, the beginning of what could be a buzz-worthy shift in the local market is starting to emerge. The short-term rental market in Phoenix is primed for a significant shift as
The University of Phoenix, which once boasted hundreds of thousands of students and generated billions of dollars in revenue, is on track for a $550 million purchase by a not-for-profit entity created by the University of Idaho. The Idaho State Board of Education voted in
Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won’t have to be as high to control inflation. Speaking at a monetary conference in Washington, D.C., the central bank leader noted that Fed initiatives used to deal with