Commercial

Arizona Realtors Present Arguments at the Capitol

A group of Realtors recently descended on the Arizona State Capitol to argue against a tax that property owners in the state might end up facing. Arizona Realtors take hot topics to Capitol | Arizona Business Daily The meeting with legislators is an annual event that gives Realtors a chance to hear about possible upcoming legislation and express their thoughts on anything that might impact homeowners. Approximately 350 Arizona Realtors

Golf contributes $3.9B to Arizona economy

Arizona saw a $3.9 billion economic impact from golf during 2014. A study released this month showed Arizona received a $3.9 billion boost to the economy thanks to golf in 2014. The study, conducted by the University of Arizona and funded by the Cactus & Pine Golf Course Superintendent Association as well as other course management companies, sought to determine the impact of golf on the state’s economy. The study

Source: Iconic Rancho de la Osa Guest Ranch Purchased by Dude Ranch Pros, Will Reopen Feb. 1 – PR.com Two passionate dude ranch owner/operators are partnering to save historic Rancho de la Osa near Sasabe on the Arizona/Mexico border. The storied property dates from the 1700s and was operated as a guest ranch from 1925 to 2014. The new owners plan to reopen the ranch resort and welcome guests on

Report: 24-story apartment tower proposed near ASU - Phoenix Business Journal

The planned development is located near Rural Road and University Drive. Source: Report: 24-story apartment tower proposed near ASU – Phoenix Business Journal By Mike Sunnucks A Chicago developer is proposing a 24-story apartment tower next to Arizona State University’s Tempe campus, according Business & Real Estate Weekly of Arizona. Golub & Co. wants to build a 393-unit multifamily complex near Rural Road and University Drive, according to BREW. Golub owns

Marana luxury rental community on the fast track

Yet-to-be-named development will be next to the Arizona Pavilions. Source: Marana luxury rental community on the fast track | Tucson Business News | tucson.com By Gabriela Rico Arizona Daily Star This year’s spate of new job announcements has prompted a local developer to move up the construction of a new off-the-freeway rental community. HSL Properties bought more than 17 acres next to the Arizona Pavilions in Marana a couple of years

PV|303 - Arizona’s Rising Hub For Business Expansion

Source: PV|303 – Arizona’s Rising Hub For Business Expansion – Phoenix – Bizspace Property Spotlight – Phoenix Business Journal Link to Photo Land Use Map At build out, PV|303 will offer a total +/- 20 million square feet of office, retail and industrial space. Link to Photo Corporate Tenants PV|303 has emerged as the premier choice for major corporate tenants with significant manufacturing, distribution and logistics needs. PV|303’s current corporate

New owners plan to blend authentic, modern experiences. Source: Historic Arizona dude ranch being revived near Sasabe | Tucson Business News | tucson.com A historic Arizona ranch now has new dudes. Horses and cattle will soon be headed to Rancho de la Osa, near Sasabe, after it was bought at auction last month by self-described “passionate dude ranch owners.” The buyers, Robert Bucksbaum, who owns the Majestic Dude Ranch outside

Downtown Phoenix Apartment Boom

ABI Multifamily looks at the continued multifamily wave in Phoenix. Close to 4,000 apartments are currently getting built. In related news, rent has increased 25% in the area since 2013. Source: More than 3,600 apartments under construction or planned in downtown Phoenix – Phoenix Business Journal

No Means No: Phoenix will not restart negotiations over a tax break for high-profile downtown project

The city of Phoenix has stepped away from negotiations with a developer over a tax break potentially worth millions of dollars for a project in downtown. The city of Phoenix will not restart negotiations over a tax break for a high-profile downtown project, according to The Arizona Republic. City staff confirmed late last week that the city’s involvement in a potential tax break for a proposed residential project at the

PHOENIX (AP) — The Phoenix City Council has decided a high-rise downtown project that includes a grocery store will move forward. PHOENIX (AP) — The Phoenix City Council has decided a high-rise downtown project that includes a grocery store will move forward. Council members voted 7-2 Wednesday to approve a package of financial incentives to launch the project. The 300 apartments, 1,500 square feet of office space and grocery store