PHOENIX-Marking the seventh purchase the company has made in a Tempe office park, a pension fund managed by RREEF has purchased a 98,000-sf office building.
PHOENIX-As the deadline for proposals nears, Tempe's mayor has asked the mayors of other East Valley cities to band together to land the Arizona Cardinals' $335-million football stadium.
PHOENIX-The group deciding where a new $335-million football stadium for the Arizona Cardinals will be built might not narrow the list to two contenders and might just pick a winner by early next month.
PHOENIX-Attracted by a regional mall under construction, a local developer has purchased a 40-acre parcel nearby and plans a mixed-use project that includes office and retail space.
PHOENIX-The Valley's hotel market could see a slight increase in demand and a 3% increase in room rates, provided that a recession doesn't crimp tourism and business travel.
PHOENIX-Local developer Steve Ellman given more time to complete the $87-million purchase of hockey's Phoenix Coyotes, but Scottsdale officials must still grant an extension.