AZ News
Optima McDowell Mountain unveils custom homes that are larger than its penthouses
First look: Optima Inc. is set to unveil custom homes at its Optima McDowell Mountain community in north Scottsdale that are even bigger than its penthouse suites.
MLB All-Star Christian Yelich scoops up Ritz-Carlton villa in all-cash deal
Three-time MLB All-Star Christian Yelich is the latest to scoop up a luxury villa at The Ritz-Carlton Residences, Paradise Valley.
Denver developer sells Paradise Valley compound for nearly $26M
A Denver developer that built a luxury compound with two adjacent estates in Paradise Valley sold the development to an out-of-state buyer for $25.625 million, and is eyeing the Valley for more land.
Central Arizona College breaks ground on $102M performing arts center; plus more real estate deals
The 1,000-seat theater being built in Coolidge will replace the Pence Center auditorium, whose roof collapsed in 2023. Plus, our weekly roundup of Phoenix-area real estate deals includes a medical building sale, restaurant openings and a national tire shop makes its Arizona debut.
Valley luxury home sales top $146 million in just one week
Each week, we compile the biggest recent luxury home sales in the Valley from recent history. This week, we spotlight $146 million in luxury real estate transactions across 17 high-priced deals.
There's a new normal in homeownership. One generation is winning big.
One group of Americans has seen its real estate ownership stake soar in the current housing market.
Metro Phoenix home sellers could snag $27,000 premium during this specific week
There's a week-long window when it's the best time to sell a home in the nation. In the Phoenix metro that week falls during April but comes at a different time in Tucson.
True North Studio founder eyes demolition of two Roosevelt Row buildings for housing expansion
A Phoenix-based developer who has led a number of redevelopments on historic buildings in downtown Phoenix has his eye on two more properties.
New vision for Camelback Colonnade: Developers plan new project at historic retail hub
The shopping center where the proposed apartment project is located is one of the most heavily trafficked and densely populated areas in metro Phoenix.
Real estate report: Only one major Arizona city offers more space than the national median
Glendale buyers can get the most space in the Valley for $400,000, while Scottsdale buyers get the smallest square footage.
Phoenix developer quietly invests $400M around Metrocenter redevelopment
A Phoenix development group going big on office-to-apartment conversions is even converting a parking garage into apartment units. Their latest acquisition is a 342-unit hotel near the former Metrocenter Mall redevelopment project.
Newly built Paradise Valley custom home sells for $14.58M – after client changes mind
See inside a custom-tailored Paradise Valley estate that just sold for $1,964.55 per square feet, one of the highest ever sales recorded in Arizona. The developer has two more $30 million estates in the pipeline.
Desert Ridge a hot spot for state land auctions, with more on the way
Multiple prime Desert Ridge sites owned by the Arizona State Land Department are about to go up for auction.
This week's top Valley luxury home sales
Every week, Phoenix Business Journal scrapes public records to determine the top luxury homes sales in the Valley. Look for this story we will publish online every week and in Friday's print edition.
Cullum Homes founder launches leak detection company, with units selling fast
The founder of Cullum Homes has created a new company with his son, while his daughter is running the 40-year-old homebuilding firm. Here's what he's doing now.
Los Angeles Dodger Kiké Hernandez pays $5.38M cash for newly built Arcadia home
A longtime Los Angeles Dodgers infielder paid cash for the newly built home after signing a new one-year contract with the club.
Texas developer to build Paradise Valley enclave near Ritz-Carlton development
Paradise Valley Town Council has approved the entitlement of four luxury homesites near the proposed Ritz-Carlton development that will list for $30 million apiece.
Third estate this year closes for at least $20M as wealthy buyers flock to Paradise Valley
The 17,265-square-foot estate on 4.1 acres marks the third Phoenix metro property to sell for at least $20 million so far this year. All three sold in all-cash transactions.
Homebuilders open 36 new communities in metro Phoenix amid uncertain market
The 3,364 lots opened by homebuilders around the Valley in November, December and January are concentrated in the northwest and southwest parts of the metro.
Mansion on Paradise Valley's most prestigious street sells for $20.9M
Recently built mansions on Paradise Valley's most prestigious street are commanding record prices. Check out photos of the latest property to close on Casa Blanca Drive.
