Real estate
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Cushman & Wakefield's Phoenix office brokered the $56 million sale of Cactus Forty-2 apartments in Paradise Valley.
Phoenix apartment complex sells for $56 million
Cushman & Wakefield announced Friday it has brokered the sale of Cactus Forty-2, a 200-unit apartment community located at 4242 East Cactus Road. The Paradise Valley community was purchased by Los Angeles-based Ezralow Company, LLC, which acquired it for $56.05 million. more
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Wigwam Creek Shopping Center at Indian School and Dysart roads has a mix of tenant businesses that include eateries, a fitness center, a salon and retailers. While some retail centers are full, other in the West Valley and surrounding area are struggling to attract tenants in the wake of the COVID-19 pandemic.
Office, retail spaces struggle in Valley boom
As Arizona slowly-but-surely recovers from the devastating impacts of the coronavirus pandemic, so does its commercial real estate industry. more
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A park and several homes already are up at Taylor Morrison’s Heritage Farm development south of Waddell Road and eat of 175th Avenue in Surprise. Taylor Morrison representatives said most of the development’s 93 new homes are already sold.
Builders divvy up popular property in western Surprise
As Surprise flew headlong into hyper development this century, one city block laid relatively vacant save for the building of several charter schools within the past 10 years. more
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Maricopa County resident Jane Peiffer, who lives about half a mile north and west of this spot, stands at the bottom of a clear-cut field in what will be the Tierra Verde development in Surprise. She and other county residents fear the Paloma Creek development north of this will completely wipe out the area’s wildlife and natural desert vegetation.
Surprise Planning & Zoning says no to Paloma Creek rezone
Surprise city planners described the proposed 10-acre Enclave at Paloma Creek IV annexation north of the community’s current boundaries as sticking up like a thumb. more
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The shaded area of this locator map shows parcels 2, 3 and 4 of the North Copper Canyon development. The Surprise Planning and Zoning Commission approved a preliminary plat for these parcels at its April 15 meeting.
Surprise planning commission calls for traffic light
New homes are starting to dot a previously sparse area of northwest Surprise west of Grand Avenue and north and south of Deer Valley Road. more
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Mattamy's Micah Plan is one of the proposed plans to be offered at Aria Ranch in Surprise near 175th Avenue and Waddell Road.
Mattamy Homes buys in for western Surprise development
Mattamy Homes, North America's largest privately-owned homebuilder, recently announced it purchased the Rancho Trugold property in Surprise. more
The Velaire at Aspera apartment complex, at Loop 101 and 75th Ave., in Glendale was approved for construction in 2015. Industry experts predict the growth in multifamily real estate will continue in the West Valley as demand and prices continue to rise.
Experts: Arizona rents will continue rising at record pace
While commercial real estate developers continue to build new apartments in the Phoenix area, market forces — including strong population and job growth — will continue to keep available … more
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Fulton eyes Prasada real estate project in Surprise
While Fulton Homes is still fairly early in its process of selling new homes at its Escalante development in northwest Surprise, the Valley-based builder already has identified its next project in the city. more
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This proposed annexation to the Surprise would add approximately 10 acres to the Paloma Creek development east of 163rd Avenue. Adding this area north of the current Paloma Creek development is opposed by neighbors in the city and on nearby county land. The Surprise City Council voted 6-1 to approve a motion that allows developer Kent Xander to begin the petition for annexation. Councilman Roland Winters was the lone nay vote.
Surprise on track to annex 15 acres for Paloma Creek
Nearby homeowners on county land and the local Surprise councilman only have an issue with one of two proposed annexations that would add onto the Paloma Creek development in the northwest corner of Surprise. more
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Rendering of 22-acre lake at Barney Farms
Fulton Homes bringing new master-planned community to Queen Creek
A new master-planned community it coming to Queen Creek. Fulton Homes is beginning work on the infrastructure at Barney Farms, a 550-acre master-planned community that has been years in the … more
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SimonCRE purchased a 13.50-acre multi-pad center at the southeast corner of Ocotillo and Ironwood roads.
Developer purchases large-scale project in Queen Creek
A national commercial real estate development and acquisition firm has purchased a 13.50-acre multi-pad center that will grow to a $20 million project at build-out in San Tan Valley. Purchased by … more
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Queen Creek retail building sells for $1.8 million
Aaron's, a 7,101-square-foot net-leased property located in Queen Creek has been sold for $1.81 million. Aaron’s is a rent-to-own furniture retailer. more
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The top home sale, 30675 N. 120th Drive, sold for $1.56 million on Dec. 11.
Top home sale in Peoria reaches $1.56M
The top three home sales in Peoria were located in the 85383 ZIP code for the week of Dec. 11-17, according to Realtor. com. more
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Surprise council balks at small side yards, large number of narrow lots
Surprise councilors, planners and staffers have compromised with home builders’ representatives and developers during the process of updating its proposed land development ordinances. more
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