PHOENIX-While the retail vacancy rate rose slightly during the final quarter of the year, market experts don't believe it's a sign of a weakening market.

TUCSON-The owner of one of downtown's largest office towers says that one good-sized tenant could prompt the company to start construction on a 23-story office tower.

TUCSON-The owner of one of downtown's largest office towers says that one good-sized tenant could prompt the company to start construction on a 23-story office tower.

PHOENIX-A local development team has purchased a parcel in the upscale Perimeter Center business park in north Scottsdale and is building a three-building office/warehouse project there.

PHOENIX-A portfolio of warehouse space in the West Valley has been purchased by a local investor for more than $6.2 million.

PHOENIX-The area along I-17 near the Loop 101 will be getting a 475,000-sf back office and warehouse project. The popularity of this area with developers has gotten a boost with the opening of Loop 101.

PHOENIX-A local developer will begin construction in the spring on a 200,000-sf, class A office project in Paradise Valley. This area got hot due with opening of Loop 101, which makes it convenient for commuting.

PHOENIX-Belt tightening and higher home prices have paid off for retirement community developer Del Webb, which posted a 65% earnings increase over the prior year.