Monday, December 7, 2015

Phoenix's Christown Spectrum mall sells for $115 million

Christown Spectrum, Arizona's oldest mall, has sold for $115.2 million.

The central Phoenix shopping center was purchased by New York-based retail giant Kimco Realty, according to property records. The deal closed late Monday.


The mystery of metro Phoenix's stolen real estate 'for sale' signs

A few weeks ago, Phoenix real estate agent Bobby Lieb drove by a north Central house he's trying to sell and noticed his 'for sale' sign wasn't in the yard.

The next day he noticed another one of his signs was missing. Then another. And another.
Other agents began to call him asking if they could borrow signs because theirs had vanished, too.


Some tribal casinos wage bets on risky demographic: Millennials

Philip Smith remembers the sights, sounds and smells of the last time he went gambling.

"I was with my brother, and we were having a great time playing roulette and blackjack with all these different kinds of people," the 33-year-old Phoenix resident said. "It's actually really funny seeing the different types of personalities that come out when others play, especially when they are losing."


Monday, November 2, 2015

Developer plans more amenities, activities for Lake Pleasant marina

A Scottsdale-based development company is planning to make waves at a Lake Pleasant marina over the next two decades by improving amenities and introducing more activities at the West Valley natural attraction.

Desert Troon Cos. was named the new concessionaire of the Scorpion Bay Marina earlier this month after nearly a year of negotiations with the marina's developer, Skipper Marine Development, which opened the marina in 2009. Desert Troon now is tasked with overseeing operations and developing the West Valley marina for the next 25 years.


Friday, October 30, 2015

Scottsdale Airport processing more flights from outside U.S.

The number of international flights landing at Scottsdale Airport continues to climb, a sign of Scottsdale's attractiveness as a port of entry, Mayor Jim Lane said.

Last year, airport officials expanded U.S. Customs hours and added a second agent at the facility, one of the busiest single-runway airports in the country.


Sunday, October 18, 2015

Tempe's 'Sin City' near ASU sees redevelopment boom

Aging apartment complexes, vacant lots and an old motel are giving way to sleek, modern housing in the latest surge of redevelopment along Tempe's light-rail corridor just east of Arizona State University.

The Tempe area some have dubbed "Sin City" has long been known for its loud parties, dense housing and higher crime rate, but now it's also a magnet for millions of dollars in private investment from major national developers.


‘Gig economy’ brings jobs, but also many freelancers

A cloud-based call center in Texas is opening an office in Scottsdale later this year in part because Arizona is seen as a good place for businesses using independent contractors.

The arrival of LiveOps at SkySong in December will bring 15 full-time jobs paying a median $60,000, which is well above typical salaries in Arizona. It also brings perhaps 5,000 freelance assignments for those looking to work from home, often on commissions.


Sunday, October 11, 2015

5 housing projects breaking ground in Phoenix neighborhoods

Cranes dot the downtown skyline as construction crews transform lots on nearly every major street. Housing projects run the gamut from apartments to townhouses, from the central city to the suburbs.


Saturday, October 10, 2015

Old Town Scottsdale to get new apartment complex

Old Town Scottsdale is about to get some additional living space.

A 134-unit apartment complex called the Standard is scheduled to be built next to the Hotel Valley Ho. The complex will have eight floor plans consisting of one- to three-bedroom apartments and penthouses. Sizes will range from 650 to 1,750 square feet.


Popular Tempe Marketplace mall sells for $367 million

Tempe Marketplace, the popular open-air mall near Arizona State University's main campus, sold today for $367 million. It is one of the priciest real-estate deals in Arizona history.

The 1.3 million-square-foot shopping center has dozens of stores and restaurants, including Nordstrom Rack, H&M and Dave and Buster's. The mall was sold in an unusual deal, with its developer Vestar being part of the groups buying and selling it.


Scottsdale apartments to open near Loop 101

Property management company P.B. Bell recently announced that a new apartment community called the View at Cascade is expected to open sometime in October. The 187-unit apartment complex is located just below Loop 101 in north Scottsdale and will offer one- and two-bedroom apartments.

According to the marketing company representing P.B. Bell, apartments will range from 757 to 1,657 square feet in size. The company also says that rent will run between $1,340 and $2,485 per month, though there's also one two-bedroom, two-bathroom penthouse that costs $4,405 per month. P.B. Bell is accepting applications.


Tuesday, October 6, 2015

Soho Scottsdale expects to break ground this fall

They say not to take your work home with you, but does that apply if your home and office are separated by a flight of stairs?

You might find that answer at Soho Scottsdale, where residents can work in their office on the first floor and relax in their residence upstairs.

The townhouse and condo project, with a mix of retail shops, restaurants and offices near Bell Road and 92nd Street — not far from WestWorld  — should break ground Nov 1.


Chandler set to open new downtown concert stage

Downtown Chandler will soon open its new concert stage, the Downtown Stage, which will serve as an area for concerts and community gatherings in the near future.

Chandler's newest venue was made possible by a partnership between both the city and the Downtown Chandler Community Partnership (DCCP). The partnership was created in 2014 in hopes to make improvements upon any construction or maintenance the stage may need.


5 things to know about the mid-decade census in the Phoenix area

Between now and Thanksgiving, residents of six Valley cities can expect a knock on their front door from an eager federal employee ready to ask questions about their family. Answering those questions could mean big bucks for a host of municipal services.

On Oct. 1, a mid-decade census began in Buckeye, Chandler, Gilbert, Goodyear, Peoria and Queen Creek and census workers set out to collect information about the residents of each household. Maricopa also is participating.

Read more....

H&M opens at SanTan Village on Oct. 15

H&M is opening its eighth Arizona store Oct. 15 at SanTan Village.

The 24,000-square-foot store, which will employ 30, will feature the company's clothing collections for men, women and children; plus lingerie, sports apparel and cosmetics.


Tempe squatters lose court fight for junkyard property downtown

A man whose family has squatted for more than a century on a patch of land in Tempe has lost his court battle to claim the increasingly valuable plot as his own.

Tempe, a judge ruled, has clear title to the land, which is both historic and an eyesore in the city's expanding and popular downtown area.


Monday, September 7, 2015

Frank Lloyd Wright school meets $1 million deadline

The Frank Lloyd Wright School of Architecture met its first million-dollar deadline Thursday to ensure its survival.

The school has until the end of this year to raise a second million or the master's of architecture program will be closed. In 1932, the famous architect began the apprenticeship program that would turn into an exclusive, international school of acclaim.


Uptown Plaza's 1st new tenant opens

Muse Apparel is the first new tenant to open at Uptown Plaza, which has been undergoing a massive renovation since mid-2014. Muse Apparel is the first new tenant to open at Uptown Plaza, which has been undergoing a massive renovation since mid-2014. The 10-year-old women's clothing boutique, previously at Seventh Street and Glendale Avenue, occupies a space next to AJ's Fine Foods.


Which Scottsdale luxury community is tops when it comes to home-value appreciation?

It's the question almost every Scottsdale homeowner and homebuyer wants the answer to: In which neighborhoods are homes appreciating the fastest? A recently released real estate report sought that answer, and found that DC Ranch experienced the greatest home-value appreciation of any of the eight luxury communities tracked. Silverleaf, a community within DC Ranch, was a close second.


In Arizona, $15 hourly remains a distant dream for many

Long before he signed it into existence, Los Angeles Mayor Eric Garcetti was an outspoken advocate of raising his city's minimum wage to $15 an hour.

Seattle's mayor helped broker a deal with small businesses to muscle a similar ordinance through there. New York Gov. Andrew Cuomo swiftly and publicly endorsed the $15 wage floor across that state after one of his agencies recommended it this summer.


Phoenix ranks No. 8 among big cities for affordable homes

Metro Phoenix's calling card to new residents has long been its affordable home prices.

Valley home prices are steadily climbing, but the region's houses are still bargains compared to much of California, Seattle, Denver, Chicago and even Las Vegas.
Metro Phoenix is the eighth most affordable big U.S. city to buy a house now, according to a new ranking from a reputable financial research firm.


Wednesday, August 26, 2015

City organizes services for Wheel Inn Ranch residents

Scottsdale's Human Services Department will coordinate efforts to help residents at the Wheel Inn Ranch RV and Mobile Home Park transition to new homes without losing their lives' savings and social services, city staff said.

After receiving eviction notices in May when a developer bought the land that they live on, residents at the park felt like they had nowhere to go, and many didn't. Renters, many of whom are elderly or live with physical disabilities, were tasked with uprooting their lives in a little more than six months, risking losing access to life-sustaining medical and financial services.


City organizes services for Wheel Inn Ranch residents

Scottsdale's Human Services Department will coordinate efforts to help residents at the Wheel Inn Ranch RV and Mobile Home Park transition to new homes without losing their lives' savings and social services, city staff said.

After receiving eviction notices in May when a developer bought the land that they live on, residents at the park felt like they had nowhere to go, and many didn't. Renters, many of whom are elderly or live with physical disabilities, were tasked with uprooting their lives in a little more than six months, risking losing access to life-sustaining medical and financial services.


Monday, August 17, 2015

Plans for Arcadia Frank Lloyd Wright House include tours, weddings

Early plans for the David and Gladys Wright House envision the Arcadia home as a visitors' destination, including a shaded garden and underground education center for tours, performances and weddings.


Scottsdale Fire, HonorHealth launch mobile health program

The Scottsdale Fire Department and HonorHealth hospital network have teamed up to launch the city's first mobile integrated health-care program that will specialize in home visits with the area's most vulnerable medical populations.

Following other Valley cities such as Mesa and Chandler, the partnership will bring individualized medical advice and attention to patients' doorsteps without the time or expense of costly 911 calls and emergency-room visits, the program's organizers said.


West Valley cities seek to save desert land

Rocks stacked 3 feet high mark the remains of an ancient Native American marketplace on a dirt road in northern Peoria. Past saguaro cactus and spiky shrubs, cars zoom by on the freeway headed toward suburban neighborhoods that blur the landscape to the south.

"We're at a crossroads now," said Peoria Mayor Cathy Carlat as she walked past the ruins. "We are at the situation where growth is about to boom again. We have a lot of areas that have beautiful land at stake right now, so if we don't do something to preserve and conserve those spaces, it will be lost to us forever."


Sunday, August 9, 2015

Arizona developer, family plead guilty to 20 years of fraud

A Mohave County developer has admitted using other people's money to fund a lavish lifestyle as an international jet-setter and multimillionaire — and then filing a fake bankruptcy to try to get away with it.

John Hoover, owner of the El Rio Country Club and Golf Course in Mohave Valley, bought million-dollar homes in Arizona, Newport Beach and Paris. Records show he also owned a $150,000 Bentley, expensive artwork and jewelry and sent his daughter to a French school.


Sunday, August 2, 2015

Could Scottsdale see 3 new marijuana dispensaries?

Three medical-marijuana companies are eyeing the Scottsdale Airpark for new dispensary locations as they look to tap into one of Arizona's highest concentrations of patients authorized to use the drug.

Two proposed dispensaries are on the south side of the airport's runways, while a third is planned near the Scottsdale Quarter office and shopping complex, according to city records. The latter has already been approved for a permit, while a City Council vote is likely upcoming for the others.


Seniors’ Skyscraper on Tempe Town Lake

Plans are now moving forward for a high-rise senior-living complex and two high-end apartment buildings on some of Tempe's last remaining lakefront real estate.

Southbank is on the north side of Rio Salado Parkway about one-half mile east of Rural Road, flanked on two sides by Arizona State University's Karsten Golf Course. Eventually, the complex could include offices, hotels, shops and restaurants.


Phoenix turns Roosevelt Row into ‘complete street’

Tempe moves forward on Google Fiber ultra-high-speed Internet

Valley residents moved a step closer to plugging in to Google Fiber's ultra-high-speed Internet service Thursday night as the Tempe City Council voted unanimously to approve an agreement with the tech giant.

The agreement "gives us approval to build a network in the city of Tempe," said Angie Welling, Google's public policy and government affairs manager. Under the agreement, Google is granted the access it needs to dig, bury lines and hang wires, Welling said.

Read more....

Chandler Porsche dealership breaks ground

Fueled by revved-up demand for the luxury cars, officials Wednesday in Chandler broke ground on what will be Arizona's third Porsche dealership.

The two-story, 36,000 square-foot, four-acre complex is scheduled to open in April 2016 at 1010 S. Gilbert Rd. in the Chandler 202 Auto Park.


Is it true? Is Valley homebuilding recovery here?

When a dozen people camped out to buy a new house in Mesa four months ago, it appeared to be a sign metro Phoenix's new-home market might soon rebound.

The numbers are in, and it was.


Boutique hotel, luxury homes replace PV blight

For more than a decade, the shuttered Mountain Shadows resort at the foot of Camelback Mountain was the Valley's own "paradise lost," a once-flourishing Eden fallen into development purgatory.

The opulence that made Paradise Valley's Mountain Shadows a premium destination upon opening in 1959 gave way to years of blight after Host Marriott closed the resort in 2004. Boarded-up buildings became public eyesores, left to rot on some of the Valley's most-coveted real estate.


Saturday, August 1, 2015

Engineers create world's first white laser beam

Researchers at Arizona State University have created the world's first white laser beam, according to a new study published in Nature. More work needs to be done to perfect this technology, but white lasers could serve as a potential alternative light source — both in people's homes and in the screens of their electronics. Lasers are more energy efficient than LEDs, and the ASU researchers claim that their white lasers can cover 70 percent more colors than current standard displays.


Sunday, July 26, 2015

GoDaddy founder Bob Parsons plans Scottsdale restaurant

Billionaire Bob Parsons is getting into the restaurant business, reports the Arizona Republic .

The GoDaddy (NYSE: GDDY) founder's YAM Properties group has submitted plans to the city of Scottsdale for a 5,900-square-foot restaurant building at McDowell Mountain Marketplace on the southwest corner of Bell Road and Thompson Peak Parkway.


Plans for 281 homes in Chandler gain early approval

Plans are moving forward to bring 281 new homes to land in west Chandler, despite opposition from an automotive group that urged the city to preserve the land for future dealerships.

Mattamy Homes is proposing construction of at least 125 condominiums at the northwest corner of 56th Street and Orchid Lane, north of Ray Road. The remaining 156 homes would vary in type. In all, the company is proposing development of about 30 acres, according to a city report on the project.


Saturday, July 18, 2015

Construction begins on Enclave at Borgata luxury condos

Visitors to the corner of N. Scottsdale Road and E. Lincoln Drive might notice a little extra noise in the shopping and dining district this summer.

That's because construction has officially begun on the Enclave at Borgata, a luxury condominium complex that will replace the Borgata of Scottsdale mall after its 2013 demolition.


Eastmark among U.S. top 10 for home sales

Eastmark — a massive community rising on the former General Motors ground in southeast Mesa — has quickly become one of the nation's most popular new neighborhoods.

The master-planned community ranked No. 8 in the U.S. for home sales during the first half of 2015, according to Maryland-based real-estate advisor RCLCO.


Sunday, June 28, 2015

Gilbert Town Square still waiting for apartments

Two years after a 300-unit apartment complex was approved for Gilbert Town Square, construction has not started.

Financial issues, an ownership change and zoning complications have forced business owners such as Mike Canzona of Mike's Burgers and Cheesesteaks to wait patiently for the inevitable bump in business that apartments would bring.


Thursday, June 25, 2015

UA, Banner to expand downtown biomedical campus

The University of Arizona received approval Wednesday to expand on the downtown Phoenix Biomedical Campus, using up to 5 acres of city land for research buildings, education centers and an outpatient clinical facility.

The approval by the Phoenix City Council commits the last of the land the city owns on the campus. The vote also comes less than a month after the city approved a plan by Arizona State University and billionaire Dr. Patrick Soon-Shiong to build a health-solutions project on 7 acres of city land on the biomedical campus.


$200M infill developments coming to Old Town Scottsdale, Central Avenue

Scottsdale-based Deco Communities has $200 million worth of new infill condominium developments underway or in the works in Old Town and central Phoenix. That includes a new Phoenix project on Central Avenue near Thomas Road.

Deco has broken ground on a $47 million luxury condo development called the Envy Residences. Deco is building 89 condo units. They will price between $350,000 to more than $1 million.


Metrowest building second phase of downtown Phoenix infill project

Metrowest Development — the infill developer of a number of projects on Roosevelt Row — will start construction later this year on a second phase of townhouses at Fourth Avenue and McKinley Street.

Metrowest also recently rehabilitated and sold two long empty, city-owned homes on Second Avenue. Metrowest partner Matt Seaman said the residences were built in 1904 and 1909, respectively.


Sunday, June 21, 2015

Tempe, ASU at odds over high-rise towers

A new high-rise tower complex planned for downtown Tempe would bring hundreds of luxury apartments and hotel rooms to the city's increasingly urban core, but Arizona State University President Michael Crow is concerned the buildings are too tall.

Minneapolis-based Opus Development Co. has filed plans for a three-tower mixed-use project that would cover a full block, from Myrtle Avenue to Forest Avenue between University Drive and Seventh Street next to ASU's main campus.


Phoenix's 64th Street exit on Loop 101 is now open

A new stretch of 64th Street has completed what was once a freeway exit to nowhere off Loop 101, cementing the vision for the north Phoenix desert that surrounds it.

City and state agencies opened less than a mile of road last month, connecting the freeway to Mayo Boulevard to the south. The road ends abruptly in undeveloped land on both sides of the freeway.


Mesa trying to transform downtown core

For years, talk of the future of the Mesa Arts Center, the coming light rail and the city's eclectic mix of homegrown shops and restaurants has dominated discussions about Mesa's evolving downtown core.

Less central to the conversation has been the privately owned property at 1 W. Main St., where an unassuming office building houses criminal-justice-software company JusticeTrax.


Decision to evict Mesa mobile-home residents has human cost

Rosa Ramirez sits at her cramped kitchen table on a muggy June afternoon, the lights flipped off to save a few degrees and possibly a few dollars.

In front of her is a worn Spanish-language Bible, which for hours has been open to the same two pages in the Book of Psalms. One short verse is underlined: "Delight yourself in the Lord, and he will give you the desires of your heart."


Tempe mobile-home residents along light-rail line face eviction

Residents of a Tempe mobile-home park and an RV park along the light-rail line could soon be evicted to make room for one of the city's latest development projects.

And that's raised the blood pressure of longtime RV park residents.

"It feels like we're being disposed of summarily," said Roger Comeau, who has lived at the Tempe Travel Trailer Villa for more than 25 years.


Scottsdale mobile-home park residents facing eviction

Residents of south Scottsdale's Wheel Inn Ranch RV and Mobile Home Park are up in arms over the owner's plans to evict all of the mobile-home tenants in the park — many of them elderly and disabled — to make way for future development.

Wheel Inn Ranch has provided 112 spaces for owner-occupied mobile homes and RVs since 1958. Approximately 80 to 100 residents live there, some of whom have been at the park for more than three decades.


At last, Millennials diving into home-buying pool

Something, or actually a lot of someones, was missing from metro Phoenix's housing market last year.

A dearth of first-time buyers, mainly Millennials, was the main reason the Valley's housing recovery stalled.


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