PHOENIX-Local developer Steve Ellman won't complete the purchase of the Phoenix Coyotes by year-end, jeopardizing a $550-million project that calls for a new hockey stadium, along with redevelopment of the former Los Arcos Mall.

PHOENIX-Retail space in the Phoenix metropolitan area should end the year with a vacancy rate at or below 5%, but that rate is sure to rise at least slightly in the coming year, with dozens of grocery store locations coming on the market.

PHOENIX-A sudden glut of grocery space coming onto the market could cause a historically low vacancy rate for retail space to go up slightly in the coming year.

PHOENIX-Despite sharp rise in construction, vacancy factor for industrial space in Metro area will end the year in single digits for the seventh time in a row.

PHOENIX-Officials in the suburb of Chandler plan to spend as much as $500,000 on a study to see how their community might build a light-rail transit system that will connect into one being built in Phoenix, Tempe and Mesa.

PHOENIX-Rent on the Arizona Cardinals' headquarters in Tempe will increase tenfold if the new $335-million stadium is built in another city.

PHOENIX-Downtown may have moved itself into the lead position in the race to land a new $335-million stadium for the Arizona Cardinals after boosters released figures showing that it would take less than $3 million in public funds to ready the site.

PHOENIX-Jennings, Strouss & Salmon takes 75,000 sf at recently completed Collier Center, will relocate from nearby One Renaissance Square next fall.