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.

Read more... http://www.azcentral.com/story/news/local/gilbert/2015/06/19/gilbert-town-square-still-waiting-apartments/28923741/

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.

Read more... http://www.azcentral.com/story/news/local/phoenix/2015/06/18/ua-banner-expand-downtown-biomedical-campus/28959517/

$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.

Read more... http://www.bizjournals.com/phoenix/news/2015/03/24/200m-infill-developments-coming-to-old-town.html

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.

Read more... http://www.bizjournals.com/phoenix/news/2015/05/13/roosevelt-row-developer-building-secondphase-of.html

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.

Read more... http://www.azcentral.com/story/news/local/tempe/2015/05/28/tempe-asu-odds-high-rise-towers/28075795/

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.

Read more... http://www.azcentral.com/story/news/local/scottsdale/2015/06/08/th-street-freeway-exit-preps-north-phoenix-growth/28691589/

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.

Read more... http://www.azcentral.com/story/news/local/mesa/2015/06/04/mesa-big-plans-sw-corner-center-main/28444527/

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."

Read more... http://www.azcentral.com/story/news/local/mesa/2015/06/15/mesa-royale-mobile-home-park-decision-human-cost/71235678/

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.

Read more... http://www.azcentral.com/story/news/local/tempe/2015/06/15/tempe-mobile-home-residents-along-light-rail-line-face-eviction/71257986/

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.

Read more... http://www.azcentral.com/story/news/local/scottsdale/2015/06/04/wheel-inn-ranch-residents-evicted/28372227/

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.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/06/19/millennials-buying-homes-metro-phoenix/28951703/

Wednesday, June 17, 2015

Millennials: Here's the salary you need to buy a house in Phoenix

We've all had that thought where it's like, "I don't even want to buy a home; it's way too much commitment." Then a little voice in your head goes, "But, I mean, could I do it?"

Well, get ready to be hit with the digits, courtesy of a new report from Bloomberg.

If you are 18 to 34 years old, living in Phoenix and thinking about buying a house, you need to earn a minimum salary of $28,547.

Read more... http://www.azcentral.com/story/news/local/phoenix/2015/06/10/what-salary-do-millennials-need-to-buy-a-house/28772943/

11 beautiful buildings in the West Valley

For some, the words "West Valley" conjure images of subdivisions, nondescript strip malls and manicured lawns. But the region also is home to historic, beautiful and unique buildings.

Some are decades old, built by the very people who founded the cities they're in. Others are modern, timeless works of architecture.

Read more... http://www.azcentral.com/story/news/local/glendale/2014/10/17/glendale-peoria-litchfield-park-beautiful-buildings-west-valley/17462899/

Friday, June 12, 2015

​New restaurant, retail spaces being built next to planned OdySea Aquarium near Scottsdale

A new 75,000-square-foot restaurant and retail center is under construction on the Salt River Pima Maricopa Indian Community next to the new OdySea Aquarium and Butterfly Wonderland attractions off the Loop 101 freeway.

The Shops at OdySea in the Desert sit near the Loop 101 and Via de Ventura Drive on Salt River land that borders Scottsdale. Ari Spiro's Orion Investment Real Estate is marketing the retail and restaurant center adjacent to the Loop 101 aquarium.

Read more... http://www.bizjournals.com/phoenix/blog/prime_cuts/2015/06/new-restaurant-retail-spaces-being-built-next-to.html#i1

Monday, June 8, 2015

Phoenician resort sold for $400 million

The Phoenician, a luxury resort at the base of Camelback Mountain that draws affluent vacationers and conventioneers from around the world, is going to get a major face-lift under new ownership.

The 643-room resort, one of the largest in Arizona, was sold to Host Hotels & Resorts on Monday for $400 million.

Read more... http://www.azcentral.com/story/travel/2015/06/08/phoenician-resort-sold-for-400-million/28704743/

Sunday, June 7, 2015

Arizona's Flintstones' theme park up for sale

"Flintstones" fans with a few million dollars now have a chance to rule over the town of Bedrock and own a page right out of history.

The owner of Flintstones Bedrock City, a northern Arizona theme park designed around the Hanna-Barbera cartoon, said Friday she is selling the property for $2 million. Linda Speckels said she is ready to retire from operating the park and campground in Williams, about 30 miles south of the Grand Canyon.

Read more... http://news.yahoo.com/arizona-flintstones-theme-park-sale-175402226.html?soc_src=mediacontentstory&soc_trk=ma

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