News
Arizona ranks No. 4 in nation for domestic migration, with influx of Californians, study reveals
The state attracted roughly 51,387 more residents than it lost to other states in 2024. Most newcomers – you guessed it – hail from California, driven partly by much more affordable home prices.
These areas of metro Phoenix see biggest decline in home prices
Some areas of metro Phoenix are seller's markets, while other favor buyers. Only four cities are in a balanced market, according to the latest data gathered by housing analysts for the Business Journal.
30-story apartment tower takes shape in downtown Tempe
Core Spaces and Wexford Developments are building the mixed-use project that boasts 30 floors at 818 units – that will be leased by the bed.
$17M Sedona property includes four homes, spa casita and resort amenities
The swanky compound includes a 3,500-square-foot main house, two casitas and a guest house with its own pool. Listing agent Karen Dunlap says properties rarely go for sale at the resort.
Office buildings are disappearing. There's one big reason why.
More office space could be about to disappear as more commercial real estate loans come due.
Gilbert approves 311-acre master-planned community after months of debate, design changes
Gilbert Town Council has been split on the development for months. The 4-3 vote came after the national hombuilder reduced the project from 1,676 units to 1,106 and eliminated all multifamily zoning. Here's what's next.
Top 40 Valley luxury home sales top $211 million in two-week stretch
In our latest weekly roundup of luxury home sales, the 40 biggest transactions from March 10-25 averaged roughly $5.3 million per sale.
KB Home shifts HQ to Tempe as California exodus continues
Los Angeles-based, publicly traded KB Home is moving its headquarters back to metro Phoenix. Here's why it chose the Valley over remaining in California.
ASU starts construction of $200M health HQ in downtown Phoenix; plus more Valley real estate deals
Ground has broken on the 175,000-square-foot building that will house the John Shufeldt School of Medicine and Medical Engineering. Plus, our weekly roundup of Valley real estate deals includes luxury condos from Toll Brothers, Bezos Academy's free Glendale preschool, four new dining options and more.
Baby boomers have an emerging rival in the housing market
There's a growing mismatch in the housing market, thanks to a generational divide — and baby boomers have an emerging rival.
Congressional bills meant to improve housing affordability may hurt developers
A pair of parallel bills with similar names are working their way through Congress in an effort to lower housing costs and increase supply. But Valley experts say it actually might have the opposite effect. Here's why.
Buckeye rezones 2,000 acres for industrial employment corridor
The new land use designation for the West Valley city allows for one mega user to swoop in and develop nearly the entire site, with a complex deal worked out for infrastructure reimbursements.
Luxury apartments to kick off 45-acre Chandler mixed-use project
The Ellison luxury residences will have three buildings with studio through three-bedroom units, and is part of a much larger mixed-use project called the District Downtown.
Goodyear taps next city manager amid rapid growth
Goodyear's new city manager previously managed Kyle, Texas, a city with 70,000 residents and a $600 million budget. He starts May 18.
Lennar eyes 826 acres for homes near TSMC, Amkor plants
Lennar submitted an application for hundreds of acres in Core 1 of the Peoria Innovation Corridor, which spans 1,900 acres and will include neighborhoods alongside commercial spaces.
Economist: Arizona’s rapid growth shifts to new era of discipline – and opportunity
In this guest column, a bank economist looks at how Arizona's business outlook shapes up for the rest of 2026 as companies prioritize cash flow and margin protection after years of rapid expansion.
Newly built Paradise Valley hillside estate offers complete privacy, 190-degree views
This $10.75M estate, including an added guest house now being built, offers unobstructed views of Pinnacle Peak, the McDowell Mountains, Four Peaks and the Superstition Mountains.
Scottsdale homebuilder has Liquid Death partnership on tap
The contest partnership to build a home with the retailer's sparkling water flowing from every faucet comes as buyers show signs of incentive fatigue during a sluggish spring selling season.
Why housing diversity matters more than volume in fast-growing markets like Arizona
An executive with a national homebuilder argues that Arizona communities that include houses from multiple competitors with varied price points reduces volatility and benefits younger buyers who prioritize efficiency and value as they enter the market.
This Valley city is the No. 3 most buyer-friendly housing market in the U.S.
Ten Arizona cities are among the best housing markets for buyers, but one in the Northwest Valley ranks No. 3 in the nation.
