CityNorth Project Primed for Office, Apartment Development

By Corina Vanek | Phoenix Business Journal Nearly 100 acres in north Phoenix near Desert Ridge Marketplace are primed for construction to begin on apartments, office space, a hotel and restaurant. The developer of the CityNorth mixed-use development, Irvine, California-based Crown Realty & Development, has completed infrastructure construction on the site at Loop 101 and …

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Rapid, Drive-Thru COVID-19 Testing Available in Scottsdale

Scottsdale Independent With COVID-19 cases spiking and the holidays imminent, a Scottsdale-based real estate company has partnered with local testing provider “COVID Testing To You” to offer drive-thru tests. YAM Properties will begin offering COVID-19 testing at its Scottsdale 101 shopping center beginning Tuesday, Nov. 24. It will be open seven days a week from …

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Homebuyer Competition Rises in Hot Phoenix Metro Neighborhoods

By Angela Gonzales | Phoenix Business Journal Homebuyers in metro Phoenix are having a tougher time than ever finding homes on the market at a time when inventory is among the lowest in the nation. With 0.9 months supply of inventory in October, Phoenix tied for third with Charlotte, North Carolina; Omaha, Nebraska; and Denver, …

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Inbound Migration Accelerates From California to Arizona

By Corina Vanek | Phoenix Business Journal Even before the novel coronavirus pandemic, people moving to Arizona from California represented 23% of all inbound residents over more than a decade. And more are on the way. Migration patterns from 2006 to 2018, studied by CBRE Group Inc. show, on average 52,251 people moved from California …

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Prairie-Home Contagion is Good News for Arizona Too

By Ashley Gurbal Kritzer & Angela Gonzales | Phoenix Business Journal America’s heartland is positioned for a post-pandemic housing boom if current trends continue. And in Tucson and Lake Havasu City, approvals to build single-family homes were up 29% through September — even higher than metro Phoenix where approvals were up 21%, according to a …

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Venue8600 Welcomes New Director of Sales & Events

Nearly seven years after launching Venue8600, Elayne Beyer is retiring as director of sales & events and handing over the reins to hospitality veteran Donald Harvey on December 11. “We wish Elayne the very best as she transitions into retirement and are very excited that she is passing the baton to such a qualified individual,” …

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Valley Mall Owner Sees Uptick in New 3Q Leases

By Brandon Brown | Phoenix Business Journal While brick-and-mortar retail was one of the industries hit the hardest during the COVID-19 pandemic, the owner of several shopping malls in the Phoenix area expressed optimism when looking ahead to the holiday shopping season and next year due to pent-up customer demand. Macerich Co., which owns such …

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Scottsdale Event Organizers Prepare for Smaller Crowds

By Brandon Brown | Phoenix Business Journal While Arizona’s tourism industry has already been devastated by the COVID-19 pandemic, the Valley’s prime tourism and events season is right around the corner, leaving organizers with big decisions to make. In normal years, hundreds of thousands of visitors would flock to the Valley, particularly Scottsdale, from January …

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Resort Occupancy Eyed Closely in Scottsdale, Paradise Valley

By Melissa Rosequist | Scottsdale Independent Tourism is slowly inching back to Paradise Valley and Scottsdale, officials say, but that doesn’t end the resorts’ desperate needs for financial remedies today. COVID-19’s impact on tourism — such as when millions of people stayed home instead of going on their summer vacation — has so dramatically impacted …

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Miami Developer to Build 600-Plus Luxury Apartments in Scottsdale

By Angela Gonzales | Phoenix Business Journal Miami-based The Related Group, one of the country’s largest real estate conglomerates, is making its Phoenix debut, with plans to invest $500 million here in new projects. The developer is breaking ground this week on a 286-unit luxury apartment community on a 6.5-acre parcel at 13320 N. Scottsdale …

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