By Brandon Brown | Phoenix Business Journal The Macerich Co., which owns some of the largest shopping malls and retail centers in the Valley and across the country, is hoping its Arizona portfolio will be a crystal ball to how the retail industry will bounce back after the Covid-19 pandemic. Because of fewer government-imposed Covid-related …
By Fletcher Wilcox | Grand Canyon Title Agency On May 4, the U.S. Census Bureau released its 2020 county population estimates. According to the data, Maricopa County had the largest population increase out of all counties in the United States — increasing by 86,820 for an average of 238 people per day. This was the …
By Corina Vanek | Phoenix Business Journal After making his firm’s first real estate investment in the middle of the Covid-19 pandemic, David Malin is nearing the end of a $1.5 million renovation to the Cave Creek shopping center. Malin, founder of Scottsdale Development Partners, bought the Shops at Dynamite Creek in Cave Creek for …
By Angela Gonzales | Phoenix Business Journal Two out-of-state real estate firms formed a $1 billion joint venture to acquire and renovate single-family rental homes across the western United States, with big plans for Arizona. Denver-based Atlas Real Estate and San Francisco-based DivcoWest are targeting high-growth states, including Arizona, Colorado, Idaho, Nevada and Utah. Vincent …
By Brent Ruffner | Daily Independent Experts say the announcement of a Taiwanese semiconductor manufacturing company coming to the Valley will trigger new growth in north Phoenix, spurring the region to become a new epicenter for high-wage jobs. Taiwan Semiconductor Manufacturing Co. announced plans last year it would build a new facility in north Phoenix, …
By Angela Gonzales | Phoenix Business Journal Known for its award-winning custom homes, Camelot Homes is taking a giant leap into the single-family rental home market. The Scottsdale-based family owned business is working in partnership with Scottsdale-based Arcadia Communities to build single-family rental homes scattered throughout the Valley, with more than 300 lots in escrow. …
By Angela Gonzales | Phoenix Business Journal Mark Weber is making big land buys in metro Phoenix at a time when it’s getting tougher to find new acreage. The Arizona division president for Houston-based David Weekley Homes said he is spending $117 million on land and development for 12 new projects totaling more than 1,000 …
By Corina Vanek | Phoenix Business Journal Axis Raintree, a 175,112-square-foot speculative office building, developed as a partnership between Trammell Crow Co. and PGIM Real Estate completed construction. Trammell Crow Co. and PGIM Real estate completed construction on Axis Raintree in north Scottsdale. The building began construction in October 2019 on one of the last …
By Mark Carlisle | Scottsdale Independent A high-rise apartment building is planned for the southwest corner of Scottsdale and Bell roads, across the street from The Promenade shopping center. The project could face pushback, as two members of the local planning committee have already said they think the 157-foot, 14-story building is too tall. The …
By Melissa Rosequist | Scottsdale Independent Will The Kimsey give downtown Scottsdale proprietors a much-needed shot in the arm? Most of Scottsdale City Council thinks so. The Kimsey — with plans that include a 168-room hotel, 190-dwelling units, a restaurant and commercial space at 7110 E. Indian School Road — was opposed only by Councilwoman …
