PHOENIX-Work has begun on a restoration project along a portion of the Salt River in Phoenix that could turn the most blighted land in the Valley into a hotspot for redevelopment.
PHOENIX-Demand for medical office space in the growing suburb of Glendale has prompted a local developer to begin construction on the second phase of a medical project.
PHOENIX-The first of dozens of supermarkets up for sale in Arizona have been taken off the market, with the purchase of 11 of them by Safeway. Forty more are on the chopping block.
PHOENIX-After listening to weekend presentations, East Valley proponents believe that a site in Tempe is the odds-on favorite to be selected as the site for a new $335-million stadium for the Arizona Cardinals.
PHOENIX-Opus West has found one of the last few remaining vacant parcels along the Black Canyon Corridor and has started building a 95,000-sf office building there.
PHOENIX-Interest in Tempe's Town Lake, a two-mile long lake built in a normally dry riverbed is beginning to swell after years of trying to entice development.
PHOENIX-The investment subsidiary of CB Richard Ellis has purchased the bulk of a real estate portfolio of medical offices and clinics in the Las Vegas area in a sale/leaseback deal valued at $115 million.
PHOENIX-Where a $335-million stadium will be built is now in the hands of a nine-member board, which could narrow the list to two or pick an outright winner in the next week.
PHOENIX-A local developer has purchased a parcel in the West Valley and plans to build a 400,000-sf distribution complex there. The area's advantages make it the pick in the Valley for the distribution industry.
PHOENIX-A Phoenix-based land speculator continues to sell off its portfolio, with a $1.3 million sale of a parcel in Gilbert. Sharp drop in stock price caused company to move into the commercial lending business.